SEC Form 4 · accession 0001715005-18-000002
UNISYS CORP · UIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shalabh Gupta
Officer — Vice President and Treasurer
Period of report
Aug 15, 2018
Accepted (ET)
Aug 16, 2018 · 2:58 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 | Aug 15, 2018 | M | 2,700 | $0.00 | A | 2,700 | D | |
| Common Stock | Aug 15, 2018 | F | 791 | $15.25 | D | 1,909 | 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 | — | Aug 15, 2018 | M | 2,083 | D | — | — | Common Stock | 2,700 | 0 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive 1.2960 shares of Unisys Corporation common stock.
- F2Performance-based restricted stock units ("PB-RSUs") granted on August 15, 2017 under the Unisys Corporation 2016 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 2017, 2018 and 2019, respectively, and then such earned PB-RSUs vest on August 15, 2018, 2019 and 2020, respectively. 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 August 15, 2018.