SEC Form 4 · accession 0001209191-16-103104
NCR Voyix Corp · VYX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward R Gallagher
Officer — SVP, GC & Secy
Period of report
Feb 24, 2016
Accepted (ET)
Feb 26, 2016 · 7:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000070866
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 24, 2016 | A | 2,673 | $23.38 | A | 24,373 | D | |
| Common StockF2 | Feb 25, 2016 | F | 676 | $23.19 | D | 23,697 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | Feb 24, 2016 | A | 33,490 | A | — | — | Common Stock | 33,490 | 33,490 | D |
Explanation of responses
- F1These are time-based restricted stock units granted February 24, 2016 that will vest ratably with one-third of such units vesting on each of the first, second and third anniversaries of the grant date (each a "Vesting Date") subject to the reporting person's continued employment with the issuer on the applicable Vesting Date and in accordance with the terms and conditions of the applicable award agreement.
- F2These shares were withheld to cover tax withholding obligations when 1,679 restricted stock units vested on February 25, 2016.
- F3These are price-contingent restricted stock units, 50% of which may be earned if the issuer's common stock price closes at or above $35 per share for any twenty consecutive trading days during the five-year period after the grant date, and the remaining 50% of which may be earned if such price closes at or above $40 per share for any twenty consecutive trading days during such five-year period. Vesting of earned units is also conditioned on continued service with the issuer through at least the third anniversary of the grant date ($35 goal) and fourth anniversary of the grant date ($40 goal) to the extent required in the applicable award agreements.