SEC Form 4 · accession 0001590536-17-000001
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald P Kenney
Officer — SVP, Gen. Counsel & Secretary
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 9:07 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 | 4,576 | $0.00 | A | 17,621 | D | |
| Common Stock | Feb 10, 2017 | M | 4,771 | $0.00 | A | 22,392 | D | |
| Common Stock | Feb 10, 2017 | M | 1,133 | $0.00 | A | 23,525 | D | |
| Common Stock | Feb 10, 2017 | F | 1,210 | $14.15 | D | 22,315 | D | |
| Common Stock | Feb 10, 2017 | F | 1,304 | $14.15 | D | 21,011 | D | |
| Common Stock | Feb 10, 2017 | F | 309 | $14.15 | D | 20,702 | 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 | 4,771 | D | — | — | Common Stock | 4,576 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 10, 2017 | M | 4,771 | D | — | — | Common Stock | 4,771 | 9,539 | D |
| Restricted Stock UnitsF5,F6 | — | Feb 10, 2017 | M | 1,133 | D | — | — | Common Stock | 1,133 | 0 | 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 operating profit for that year in each of 2016, 2017 and 2018, respectively, and then such earned PB-RSUs vest on February 11, 2017, 2018 and 2019. This report only relates to the PB-RSUs the 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.
- F5Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
- F6Time-based restricted stock units granted under the terms of the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. The restricted units vest in three equal annual installments beginning February 12, 2015.