SEC Form 4 · accession 0001209191-15-071446
VIASAT INC · VSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B Allen Lay
Director
Period of report
Sep 16, 2015
Accepted (ET)
Sep 18, 2015 · 5:35 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 | Sep 17, 2015 | M | 1,600 | $0.00 | A | 1,600 | D | |
| $.0001 par value common stock | Sep 17, 2015 | G | 1,600 | $0.00 | D | 0 | D | |
| $.0001 par value common stockF2 | Sep 17, 2015 | G | 1,600 | $0.00 | A | 343,813 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| common stock option (right to buy)F3 | $63.37 | Sep 16, 2015 | A | 5,000 | A | — | Sep 16, 2021 | common stock | 5,000 | 5,000 | D |
| restricted stock unitF4,F5,F6 | — | Sep 16, 2015 | A | 1,600 | A | — | — | comon stock | 1,600 | 1,600 | D |
| restricted stock unitF6 | $0.00 | Sep 17, 2015 | M | 1,600 | D | Sep 17, 2015 | — | common stock | 1,600 | 0 | D |
Explanation of responses
- F1The restricted stock unit was granted to B. Allen Lay, a director of ViaSat, Inc. upon vesting the shares were contributed to The Lay Living Trust.
- F2186,026 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 trustees of The Lay Living Trust which holds 127,387 shares. The Lay Living Trust owns a 2% interest in Lay Ventures, L.P. Mr. Lay and his wife are also 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 to the extent of his pecuniary interest therein.
- F3The option vests on September 16, 2016.
- F4Each restricted stock unit represents a contingent right to receive one share of ViaSat,Inc. common stock.
- F5Subject to the reporting person's continued service as a Director of the Issuer, this award will vest and convert into shares of common stock of the Issuer on September 16, 2016.
- F6Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of the directorship with the Issuer.