SEC Form 4 · accession 0001209191-15-081243
VIASAT INC · VSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Leroy Dirks
Officer — Senior Vice President
Period of report
Nov 17, 2015
Accepted (ET)
Nov 19, 2015 · 3:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000797721
Table I — non-derivative securities
No Table I lines on this filing.
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 buyF1 | $61.26 | Nov 17, 2015 | A | 15,000 | A | — | Nov 17, 2021 | common stock | 15,000 | 15,000 | D |
| restricted stock unitF2,F3,F4 | — | Nov 17, 2015 | A | 5,000 | A | — | — | common stock | 5,000 | 5,000 | D |
Explanation of responses
- F1The option vests in 4 equal annual installments beginning on 11/17/2016.
- F2Each restricted stock unit represents a contingent right to receive one share of ViaSat, Inc. common stock.
- F3Subject to the reporting person's election to defer the receipt of common stock, the units vest and convert into shares of common stock of the Issuer at a rate of 1/4 on the 13th month anniversary of the grant date; 1/4th on the second anniversary of the grant date; 1/4th on the third anniversary of the grant date and 1/4 on the fourth anniversary of the grant date.
- F4Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the issuer.