SEC Form 4 · accession 0001225208-15-012907
COMPUTER SCIENCES CORP · CSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W Zolet
Officer — Exec VP & GM NPS
Period of report
May 22, 2015
Accepted (ET)
May 27, 2015 · 8:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023082
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (rights to buy)F1 | $68.48 | May 22, 2015 | A | 37,897 | A | May 22, 2016 | May 22, 2025 | Common Stock | 37,897 | 37,897 | D |
| Restricted Stock Units (Service Vested)F2 | $0.00 | May 22, 2015 | A | 4,317 | A | — | — | Common Stock | 4,317 | 8,659 | D |
Explanation of responses
- F1This option is exercisable in three equal annual installments beginning May 22, 2016.
- F2Each vested Restricted Stock Unit (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 in certain other circumstances. In addition, 50% of the RSUs vest at age 55 or older with at least five years of continuous service, with an additional 10% of the RSUs vesting for each subsequent year 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.