SEC Form 4 · accession 0001209191-15-066508
VIASAT INC · VSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B Allen Lay
Director
Period of report
Aug 14, 2015
Accepted (ET)
Aug 18, 2015 · 2:16 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 |
|---|---|---|---|---|---|---|---|---|
| $0.0001 Par Value Common StockF1 | Aug 14, 2015 | M | 10,000 | $23.12 | A | 352,213 | I | See Footnote |
| $0.0001 Par Value Common StockF2,F3 | Aug 14, 2015 | S | 10,000 | $60.19 | D | 342,213 | I | See Footnote |
| $0.0001 Par Value Common StockF4 | Aug 14, 2015 | M | 5,000 | $27.00 | A | 347,213 | I | See Footnote |
| $0.0001 Par Value Common StockF2,F3 | Aug 14, 2015 | S | 5,000 | $60.19 | D | 342,213 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock option (right to buy)F6,F5 | $23.12 | Aug 14, 2015 | M | 10,000 | D | — | Sep 9, 2015 | common stock | 10,000 | 0 | I |
| stock option (right to buy)F7 | $27.00 | Aug 14, 2015 | M | 5,000 | D | Oct 1, 2010 | Oct 2, 2015 | common stock | 5,000 | 0 | I |
Explanation of responses
- F1196,026 shares are held by Lay Ventures, L.P. Mr. Lay and his wife are general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustess of The Lay Living Trust which holds 125,787 shares. The Lay Living Trust owns a 2% interest in Lay Ventures, L.P. Mr. Lay and his wife are also the trustees of The Lay Charitable Remainder Trust which holds 30,400 shares. Mr. Lay disclaims beneficial ownership of the shares held by Lay Ventures, L.P. except tp the extent of his pecuniary interest therein.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $60.03 to $60.43, inclusive. The reporting person undertakes to provide to ViaSat, Inc., any security holder of ViaSat, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3186,026 shares are held by Lay Ventures, L.P. Mr. Lay and his wife are general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustess of The Lay Living Trust which holds 125,787 shares. The Lay Living Trust owns a 2% interest in Lay Ventures, L.P. Mr. Lay and his wife are also the trustees of The Lay Charitable Remainder Trust which holds 30,400 shares. Mr. Lay disclaims beneficial ownership of the shares held by Lay Ventures, L.P. except tp the extent of his pecuniary interest therein.
- F4191,026 shares are held by Lay Ventures, L.P. Mr. Lay and his wife are general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustess of The Lay Living Trust which holds 125,787 shares. The Lay Living Trust owns a 2% interest in Lay Ventures, L.P. Mr. Lay and his wife are also the trustees of The Lay Charitable Remainder Trust which holds 30,400 shares. Mr. Lay disclaims beneficial ownership of the shares held by Lay Ventures, L.P. except tp the extent of his pecuniary interest therein.
- F5The stock option became exercisable in three equal installments on each of September 9, 2006, 2007 and 2008.
- F6The stock option was granted to B. Allen Lay, a director of ViaSat, Inc. Mr. Lay transferred the stock option to Lay Ventures, L.P. on September 9, 2005, immediately following the grant of such stock options. Mr. Lay and his wife are the general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustees of The Lay Living Trust, which owns a 2% interest in Lay Ventures, L.P. Mr. Lay disclaims beneficial ownership of the stock options held by Lay Ventures, L.P. except to the extent of his pecuniary interest therein.
- F7The stock option was granted to B. Allen Lay, a director of ViaSat, Inc. Mr. Lay transferred the stock option to Lay Ventures, L.P. on October 1, 2009, immediately following the grant of such stock options. Mr. Lay and his wife are the general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustees of The Lay Living Trust, which owns a 2% interest in Lay Ventures, L.P. Mr. Lay disclaims beneficial ownership of the stock options held by Lay Ventures, L.P. except to the extent of his pecuniary interest therein.