SEC Form 4 · accession 0000899243-18-015006
Perspecta Inc. · PRSP
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
John Kavanaugh
Officer — Chief Financial Officer
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 6:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001724670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 31, 2018 | J | 97 | $0.00 | A | 97 | D | |
| Common StockF2,F3 | May 31, 2018 | A | 1,849 | $0.00 | A | 1,946 | D | |
| Common StockF4,F3 | May 31, 2018 | A | 1,478 | $0.00 | A | 3,424 | D | |
| Common StockF5,F3 | May 31, 2018 | A | 4,778 | $0.00 | A | 8,202 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1DXC Technology Company ("DXC") stockholders of record on May 25, 2018 ("Record Date") received one share of Perspecta Inc. ("Perspecta") common stock for every two shares of DXC common stock held on the Record Date. The total direct beneficial ownership reflects the shares acquired by the reporting person from the pro rata distribution on May 31, 2018.
- F2Award of restricted stock units (RSUs). Time-vesting RSUs of DXC were converted into time-vesting RSUs of Perspecta. Each RSU entitles the reporting person to receive one share of common stock upon the vesting date. The RSUs will vest and settle on August 15, 2018.
- F3Amount reported includes unvested RSUs.
- F4Award of RSUs. Time-vesting RSUs of DXC were converted into time-vesting RSUs of Perspecta. Each RSU entitles the reporting person to receive one share of common stock upon the vesting date. One third of the RSUs vested on May 31, 2018 and will settle on June 30, 2018, the remaining two-thirds will vest and settle annually in two equal installments starting on May 31, 2019.
- F5Award of RSUs. Time-vesting RSUs of DXC were converted into time-vesting RSUs of Perspecta. Each RSU entitles the reporting person to receive one share of common stock upon the vesting date. Half of the RSUs vested on May 27, 2018 and will settle on June 30, 2018, the remaining half will vest and settle on May 27, 2019.