SEC Form 4 · accession 0001225208-16-024975
COMPUTER SCIENCES CORP · CSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Lawrie
Officer — President and CEO · Director
Period of report
Jan 26, 2016
Accepted (ET)
Jan 28, 2016 · 4:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023082
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 26, 2016 | M | 50,000 | $12.28 | A | 384,885 | D | |
| Common StockF1 | Jan 26, 2016 | S | 100 | $30.465 | D | 384,785 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.445 | D | 384,685 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.425 | D | 384,585 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.385 | D | 384,485 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.37 | D | 384,385 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.355 | D | 384,285 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.335 | D | 384,185 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.315 | D | 384,085 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.275 | D | 383,985 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.255 | D | 383,885 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $30.03 | D | 383,785 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.99 | D | 383,685 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.96 | D | 383,585 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.93 | D | 383,485 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.915 | D | 383,385 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.91 | D | 383,285 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.89 | D | 383,185 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.88 | D | 383,085 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.86 | D | 382,985 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.85 | D | 382,885 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.82 | D | 382,785 | D | |
| Common Stock | Jan 26, 2016 | S | 100 | $29.78 | D | 382,685 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $30.415 | D | 382,485 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $30.375 | D | 382,285 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $30.205 | D | 382,085 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $30.195 | D | 381,885 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $30.02 | D | 381,685 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $30.00 | D | 381,485 | D | |
| Common Stock | Jan 26, 2016 | S | 200 | $29.98 | D | 381,285 | 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 | $12.28 | Jan 26, 2016 | M | 50,000 | D | Mar 19, 2013 | Apr 16, 2022 | Common Stock | 50,000 | 374,152 | D |
Explanation of responses
- F1All dispositions reported on this Form 4 relate to shares sold pursuant to a 10b5-1 Plan.
- F2As previously reported by Computer Sciences Corporation ("CSC"), due to the separation of CSC and CSRA, Inc. ("CSRA"), the CSC options held by the reporting person underwent a conversion and the reporting person received CSRA options in addition to having the number and strike price of the CSC options equitably adjusted in accordance with the terms of the CSC 2011 Omnibus Incentive Plan as approved by the compensation committee of the CSC board of directors. The number of CSC options was converted at a ratio of 1.0731 to 1. The exercise price of CSC options was converted at a ratio of 0.4486 to 1 resulting in an adjustment of the exercise price from $27.36 to $12.28. CSRA options were granted at a ratio of 1.2666 for every 1 CSC option held, and the exercise price of CSRA options was calculated at a ratio of 0.4510 to 1 resulting in an exercise price of $12.34.
Remarks
Multiple Forms Submitted