SEC Form 4 · accession 0000899243-17-024227
Verso Corp · VRS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth D Sawyer
Officer — SVP - HR & Comm
Period of report
Oct 12, 2017
Accepted (ET)
Oct 16, 2017 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001421182
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Oct 12, 2017 | A | 42,373 | $0.00 | A | 48,291 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Consists of 42,373 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units will vest as follows: (a) 21,186 Stock Units will vest on January 1, 2020; and (b) 21,187 Stock Units will vest on January 1, 2021. The reported Stock Units do not include 42,373 Stock Units that will vest on January 1, 2020, if certain performance objectives that will be established by the issuer have been met.
- F2Consists of (i) the 42,373 Stock Units described in footnote (1), (ii) 1,483 shares of Class A Common Stock, and (iii) 4,435 Stock Units vesting in two substantially equal installments beginning on July 28, 2018.