SEC Form 4 · accession 0000790070-15-000127
EMC CORP · EMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yoran Amit
Officer — President, RSA
Period of report
Jul 29, 2015
Accepted (ET)
Jul 31, 2015 · 4:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000790070
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 29, 2015 | A | 56,222 | $0.00 | A | 242,899 | D | |
| Common StockF2 | Jul 29, 2015 | A | 37,482 | $0.00 | A | 280,381 | D | |
| Common StockF3 | Jul 30, 2015 | F | 2,553 | $0.00 | D | 277,828 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Target number of performance restricted stock units granted under the Amended and Restated EMC Corporation 2003 Stock Plan, which units are subject to forfeiture upon certain events. The performance restricted stock units will vest only in the event that 2016 performance targets approved by the Leadership and Compensation Committee (the "Committee") have been met. Depending on the level of achievement for each of the performance metrics, a maximum of 150% of the target number of performance restricted stock units may vest. The Committee expects to determine the extent to which the performance targets have been met in 2017, and one-third of the applicable number of units will vest in 2017, one-third will vest on February 1, 2018 and one-third will vest on February 1, 2019.
- F2Restricted stock units granted under the Amended and Restated EMC Corporation 2003 Stock Plan, which are subject to forfeiture upon certain events. The restricted stock units will vest ratably over four years beginning one year from the date of grant.
- F3Shares withheld by EMC to satisfy certain taxes payable in connection with the vesting of previously awarded restricted stock units.