SEC Form 4 · accession 0001632733-18-000001
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Venkatapathi R Puvvada
Officer — Senior Vice President
Period of report
Feb 9, 2018
Accepted (ET)
Feb 12, 2018 · 8:43 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 9, 2018 | M | 2,466 | $0.00 | A | 15,131 | D | |
| Common Stock | Feb 9, 2018 | F | 721 | $9.90 | D | 14,410 | D | |
| Common Stock | Feb 9, 2018 | M | 4,141 | $0.00 | A | 18,551 | D | |
| Common Stock | Feb 9, 2018 | F | 1,246 | $9.90 | D | 17,305 | D | |
| Common Stock | Feb 9, 2018 | M | 4,770 | $0.00 | A | 22,075 | D | |
| Common Stock | Feb 9, 2018 | F | 1,435 | $9.90 | D | 20,640 | D | |
| Common Stock | Feb 9, 2018 | M | 5,679 | $0.00 | A | 26,319 | D | |
| Common Stock | Feb 9, 2018 | F | 1,709 | $9.90 | D | 24,610 | D | |
| Common Stock | Feb 9, 2018 | M | 4,338 | $0.00 | A | 28,948 | D | |
| Common Stock | Feb 9, 2018 | F | 1,305 | $9.90 | D | 27,643 | 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 9, 2018 | M | 2,703 | D | — | — | Common Stock | 2,466 | 0 | D |
| Restricted Stock UnitsF3,F4 | — | Feb 9, 2018 | M | 4,770 | D | — | — | Common Stock | 4,141 | 0 | D |
| Restricted Stock UnitsF5,F6 | — | Feb 9, 2018 | M | 4,770 | D | — | — | Common Stock | 4,770 | 4,769 | D |
| Restricted Stock UnitsF7,F8 | — | Feb 9, 2018 | M | 4,338 | D | — | — | Common Stock | 5,679 | 0 | D |
| Restricted Stock UnitsF5,F9 | — | Feb 9, 2018 | M | 4,338 | D | — | — | Common Stock | 4,338 | 8,677 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive 1.309 shares of Unisys Corporation common stock.
- F2Performance-based restricted stock units ("PB-RSUs") granted on February 5, 2015 under the 2010 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are earned one-third annually over a three-year period to the extent that Unisys Corporation achieves a performance goal relating to operating profit for that year in each of 2015, 2016 and 2017, respectively, and then such earned PB-RSUs vest on February 5, 2016, 2017 and 2018, respectively (of, if the performance criteria are not determined until a later date, the date of such determination). This report only relates to the PB-RSUs the reporting person earned based on the 2017 performance goal. All shares resulting from such earned PB-RSUs vested on February 9, 2018.
- F3Each restricted stock unit represents a contingent right to receive 0.868 shares of Unisys Corporation common stock.
- F4Performance-based restricted stock units ("PB-RSUs") granted on February 11, 2016 under the 2010 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are earned one-third annually over a three-year period to the extent that 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, respectively (or if such day does not fall on a trading day, the immediately preceding trading day). This report only relates to the PB-RSUs the reporting person earned based on the 2017 performance goal. All shares resulting from such earned PB-RSUs vested on February 9, 2018.
- 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 Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. The restricted stock units vest in three equal annual installments beginning February 11, 2017.
- F7Each restricted stock unit represents a contingent right to receive 1.309 shares of Unisys Corporation common stock.
- F8Performance-based restricted stock units ("PB-RSUs") granted on February 9, 2017 under the 2016 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are earned one-third annually over a three-year period to the extent that Unisys Corporation achieves a performance goal relating to operating profit for that year in each of 2017, 2018 and 2019, respectively, and then such earned PB-RSUs vest on February 9, 2018, 2019 and 2020, respectively. This report only relates to the PB-RSUs the reporting person earned based on the 2017 performance goal. All shares resulting from such earned PB-RSUs vested on February 9, 2018.
- F9Time-based restricted stock units granted under the Unisys Corporation 2016 Long-Term Incentive and Equity Compensation Plan. The restricted stock units vest in three equal annual installments beginning February 9, 2018.