SEC Form 4 · accession 0001690873-18-000003
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ann S Ruckstuhl
Officer — Senior Vice President
Period of report
Dec 6, 2018
Accepted (ET)
Dec 10, 2018 · 2:35 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 | Dec 6, 2018 | M | 2,500 | $0.00 | A | 10,887 | D | |
| Common Stock | Dec 6, 2018 | F | 864 | $12.97 | D | 10,023 | D | |
| Common Stock | Dec 6, 2018 | M | 2,165 | $0.00 | A | 12,188 | D | |
| Common Stock | Dec 6, 2018 | F | 748 | $12.97 | D | 11,440 | 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 | — | Dec 6, 2018 | M | 2,500 | D | — | — | Common Stock | 2,500 | 2,500 | D |
| Restricted Stock UnitsF3,F4 | — | Dec 6, 2018 | M | 2,500 | D | — | — | Common Stock | 2,165 | 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 2016 Long-Term Incentive and Equity Compensation Plan. The restricted stock units vest in three equal annual installments beginning December 6, 2017.
- F3Each restricted stock unit represents a contingent right to receive 0.866 shares of Unisys Corporation common stock.
- F4Performance-based restricted stock units ("PB-RSUs") granted on December 6, 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 December 6, 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 PB-RSUs the reporting person earned based on the 2017 performance goal. All shares resulting from such earned PB-RSUs vested on December 6, 2018.