SEC Form 4 · accession 0001225208-16-034405
COMPUTER SCIENCES CORP · CSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul N Saleh
Officer — Exec Vice President and CFO
Period of report
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 5:35 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 | $49.24 | May 27, 2016 | A | 129,181 | A | May 27, 2017 | May 27, 2026 | Common Stock | 129,181 | 129,181 | D |
| Restricted Stock Units (Service Vested)F2 | $0.00 | May 27, 2016 | A | 5,225 | A | — | — | Common Stock | 5,225 | 16,527 | D |
Explanation of responses
- F1This option is exercisable in three equal annual installments beginning May 27, 2017.
- 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 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.