SEC Form 4 · accession 0001209191-15-043960
Virgin America Inc. · VA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C. David Cush
Officer — President · Director
Period of report
May 14, 2015
Accepted (ET)
May 18, 2015 · 6:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614436
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 14, 2015 | F | 132,735 | $28.15 | D | 591,683 | D | |
| Common StockF2 | May 18, 2015 | G | 17,910 | $0.00 | D | 573,773 | D | |
| Common StockF2 | May 18, 2015 | G | 17,910 | $0.00 | D | 555,863 | D | |
| Common StockF5 | holding | — | — | — | 86,515 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were withheld from the reporting person solely to cover tax obligations with respect to vested RSUs.
- F2Includes 365,612 RSUs. Includes 67,896 shares received as a liquidating distribution from VAI MBO Investors, LLC ("VAI MBO"). The shares acquired pursuant to the MBO Distribution were previously reported as held indirectly by the Reporting Person and were estimated based on the Reporting Person's relative ownership of VAI MBO. The shares reported herein reflect the exact number of shares now held by the Reporting Person following the MBO Distribution.
- F3This denotes a personal charitable contribution to the nonprofit Dallas Foundation to establish the 'Virgin America Scholarship Fund,' which will provide scholarships to the children and grandchildren of Virgin America's U.S. employees in good standing.
- F4This denotes a personal charitable contribution to the Fidelity Investments Charitable Gift Fund.
- F5The shares are held directly by the Cush Revocable Trust, of which Mr. Cush is the trustee.