SEC Form 4 · accession 0001688568-17-000091
DXC Technology Co · DXC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Lawrie
Officer — President and CEO · Director
Period of report
May 31, 2017
Accepted (ET)
Jun 2, 2017 · 5:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001688568
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (1)F1 | $0.00 | May 31, 2017 | A | 41,531 | A | — | — | Common Stock | 41,531 | 119,913 | D |
| Restricted Stock Units (2)F2 | $0.00 | May 31, 2017 | A | 4,072 | A | — | — | Common Stock | 4,072 | 4,072 | D |
Explanation of responses
- F1Each vested Restricted Stock Unit (RSU) entitles the reporting person to receive one share of common stock. The RSUs will vest in three equal annual installments beginning May 31, 2018.
- F2Each RSU entitles the reporting person to receive one share of common stock. The RSUs fully vest at age 62, subject to the reporting person's continued employment through that date, and may vest earlier under certain other circumstances. In addition, the RSUs fully vest at age 55 or older with at least five years of continuous service, subject to the reporting person's continued employment through the vesting date. Vested RSUs are released as shares of common stock at the rate of 10% of the shares granted on each of the first ten anniversaries of the reporting person's employment termination date