SEC Form 4 · accession 0001670723-17-000001
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Inder M Singh
Officer — Senior Vice President and CFO
Period of report
Mar 29, 2017
Accepted (ET)
Mar 31, 2017 · 4:52 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 | Mar 29, 2017 | M | 4,366 | $0.00 | A | 4,366 | D | |
| Common Stock | Mar 29, 2017 | F | 1,673 | $14.10 | D | 2,693 | D | |
| Common Stock | Mar 29, 2017 | M | 4,187 | $0.00 | A | 6,880 | D | |
| Common Stock | Mar 29, 2017 | F | 1,604 | $14.10 | D | 5,276 | 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 | — | Mar 29, 2017 | M | 4,366 | A | — | — | Common Stock | 4,366 | 8,734 | D |
| Restricted Stock UnitsF3,F4 | — | Mar 29, 2017 | M | 4,366 | A | — | — | Common Stock | 4,187 | 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 annual installments beginning March 29, 2017.
- F3Each restricted stock unit represents a contingent right to receive 0.959 shares of Unisys Corporation common stock.
- F4Performance-based restricted stock units ("PB-RSUs") granted on March 29, 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 March 29, 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 vest on March 29, 2017.