SEC Form 4 · accession 0001127602-17-001209
CONDUENT Inc · CNDT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frederick S Koury
Officer — EVP & CHRO
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 9:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001677703
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted E-LTIP (RSU)F1 | holding | — | — | — | 39,625 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the Spin-Off, each Xerox RSU award was converted into an RSU award in respect of shares of Conduent Common Stock pursuant to the terms of the employee matters agreement between Xerox and Conduent. The number of shares of Conduent Common Stock subject to the award was determined based on (i) the number of shares subject to the Xerox RSU award immediately prior to the Spin-Off and (ii) the Conduent Conversion Ratio. Each RSU represents a contingent right to receive one share of Conduent Common Stock. The RSUs cliff-vesting.