SEC Form 4 · accession 0001209191-15-037091
VIASAT INC · VSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ken Allen Peterman
Officer — Senior Vice President
Period of report
Apr 27, 2015
Accepted (ET)
Apr 29, 2015 · 5:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000797721
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| $.0001 par value common stock | Apr 27, 2015 | M | 2,000 | $0.00 | A | 4,266 | D | |
| $.0001 par value common stock | Apr 27, 2015 | F | 615 | $62.05 | D | 3,651 | D | |
| $.0001 par value common stock | holding | — | — | — | 63 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted stock unitF2,F3 | $0.00 | Apr 27, 2015 | M | 2,000 | D | — | — | common stock | 2,000 | 4,000 | D |
Explanation of responses
- F1This entry represents the number of shares of ViaSat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
- F2The original restricted stock unit grant on 04/26/2013 was for 8,000 restricted stock units. Subject to the reporting person's continued employment with the Issuer, the units vest and convert into shares of common stock of the Issuer at a rate of 1/4 on the 13th month anniversay of the grant date; 1/4 on the second anniversary of the grant date, 1/4th on the third anniversary of the grant date and 1/4th on the fourth anniversary of the grant date.
- F3Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the issuer.