SEC Form 4 · accession 0001209191-16-142111
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, 2016
Accepted (ET)
Sep 20, 2016 · 12:11 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 16, 2016 | M | 1,600 | $0.00 | A | 1,600 | D | |
| $.0001 par value common stock | Sep 16, 2016 | G | 1,600 | $0.00 | D | 0 | D | |
| $.0001 par value common stockF2 | Sep 16, 2016 | G | 1,600 | $0.00 | A | 345,413 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted stock unitF3 | $0.00 | Sep 16, 2016 | M | 1,600 | D | Sep 16, 2016 | — | 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 128,987 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.
- F3Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of the directorship with the Issuer.