SEC Form 4/A · accession 0000899243-16-032555
LSC Communications, Inc. · LKSD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Suzanne S Bettman
Officer — See Remarks
Period of report
Oct 1, 2016
Accepted (ET)
Nov 1, 2016 · 7:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001669812
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Oct 1, 2016 | A | 36,170 | $0.00 | A | 105,124 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting Person is filing an amendment to her Form 4, which was filed on October 4, 2016, in order to update the number of securities acquired and the amount of securities beneficially owned following the Reported Transaction. On October 1, 2016, Suzanne S. Bettman was awarded restricted stock with a value of $949,941 by LSC Communications, Inc. ("LSC"). Such grant represents 36,170 shares of restricted stock calculated based on the twenty trading day volume weighted average price of LSC common stock following the date of grant.
- F2Reflects ownership of 15,937 shares of LSC common stock received in connection with the spinoff of LSC by R. R. Donnelley & Sons Company ("RRD") and the distribution of one (1) share of LSC common stock for every eight (8) shares of RRD common stock held prior to the spinoff, which was effective on October 1, 2016. Amount also reflects 53,017 restricted stock units, which are reflected as beneficially owned and reported as shares of LSC common stock.
- F3(Continued from footnote 2) The number of restricted stock units was determined pursuant to an equitable adjustment in the Separation and Distribution Agreement, dated as of September 14, 2016, by and among RRD, LSC, and Donnelley Financial Solutions, Inc. ("DFS"), and gives effect to the distribution by RRD of 80.75% of the common stock of each of LSC and DFS, which occurred on October 1, 2016.
Remarks
Chief Administrative Officer and General Counsel