SEC Form 4 · accession 0001185132-17-000003
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Hutto
Officer — Senior Vice President
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 9:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000746838
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 10, 2017 | M | 6,887 | $0.00 | A | 8,379 | D | |
| Common Stock | Feb 10, 2017 | M | 7,181 | $0.00 | A | 15,560 | D | |
| Common Stock | Feb 10, 2017 | F | 1,840 | $14.15 | D | 13,720 | D | |
| Common Stock | Feb 10, 2017 | F | 1,964 | $14.15 | D | 11,756 | 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 UnitsF1,F2 | — | Feb 10, 2017 | M | 7,181 | A | — | — | Common Stock | 6,887 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 10, 2017 | M | 7,181 | A | — | — | Common Stock | 7,181 | 14,359 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive 0.959 shares of Unisys Corporation common stock.
- F2Performance-based restricted stock units ("PB-RSUs") granted on February 11, 2016 under the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are earned one-third annually over a three-year period to the extent Unisys Corporation achieves a performance goal relating to the operating profit for that year in each of 2016, 2017 and 2018, respectively, and then such reporting person earned based on the 2016 performance goal. All shares resulting from such earned PB-RSUs vested on February 11, 2017.
- F3Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
- F4Time-based restricted stock units granted under the terms of the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. The restricted stock units vest in three equal annual installments beginning February 11, 2017.