SEC Form 4 · accession 0001643526-17-000001
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sadany Tarek El
Officer — Senior Vice President
Period of report
Jun 2, 2017
Accepted (ET)
Jun 6, 2017 · 4:50 pm EDT
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 | Jun 2, 2017 | M | 4,113 | $0.00 | A | 17,516 | D | |
| Common Stock | Jun 2, 2017 | F | 1,545 | $12.35 | D | 15,971 | D | |
| Common Stock | Jun 2, 2017 | M | 3,333 | $0.00 | A | 19,304 | D | |
| Common Stock | Jun 2, 2017 | F | 1,252 | $12.35 | D | 18,052 | 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 | — | Jun 2, 2017 | M | 3,333 | A | — | — | Common Stock | 3,333 | 3,333 | D |
| Restricted Stock UnitsF3,F4 | — | Jun 2, 2017 | M | 3,333 | A | — | — | Common Stock | 4,113 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
- F2Time-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 starting June 2, 2016.
- F3Each restricted stock unit represents a contingent right to receive 1.239 shares of Unisys Corporation common stock.
- F4Performance-based restricted stock units ("PB-RSUs") granted on June 2, 2015 under the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. 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 June 2, 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 June 2, 2017.