SEC Form 4 · accession 0001688568-17-000021
DXC Technology Co · DXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Neil A Manna
Officer — SVP, Controller & PAO
Period of report
Apr 1, 2017
Accepted (ET)
Apr 5, 2017 · 6:31 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001688568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 1, 2017 | M | 1,664 | $0.00 | A | 1,664 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (rights to buy)F2 | $48.61 | Apr 1, 2017 | A | 8,338 | A | — | Jul 15, 2026 | Common Stock | 8,338 | 8,338 | D |
| Restricted Stock Units (Performance Vested)F1 | $0.00 | Apr 1, 2017 | M | 1,664 | D | — | — | Common Stock | 1,664 | 1,636 | D |
| Restricted Stock UnitsF3 | $0.00 | Apr 1, 2017 | A | 1,664 | A | — | — | Common Stock | 1,664 | 1,664 | D |
Explanation of responses
- F150% of Fiscal 2017 time-vesting restricted stock units of Computer Sciences Corporation ("CSC") converted into time-vesting restricted stock units of the DXC Technology Company (the "Company") and vested early on April 1, 2017 at the effective time of the merger of CSC with and into New Everett Merger Sub, Inc. on April 1, 2017 (the "Merger").
- F2Options were acquired of at the effective time of the Merger by conversion of each option to purchase one share of common stock of CSC into an option to purchase one share of common stock of the Companyon the same terms and conditions that were in effect immediately prior to the consummation of the Merger.
- F350% of Fiscal 2017 performance-vesting restricted stock units of CSC converted into time-vesting restricted stock units of the Company on April 1, 2017 upon the effective time of the Merger. The restricted stock units will vest in two equal installments on July 15, 2018 and July 15, 2019.