SEC Form 4 · accession 0001209191-16-151447
VIASAT INC · VSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shawn Lynn Duffy
Officer — Chief Financial Officer
Period of report
Nov 17, 2016
Accepted (ET)
Nov 21, 2016 · 4:25 pm EST
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 | Nov 17, 2016 | M | 1,875 | $0.00 | A | 14,346 | D | |
| $.0001 par value common stock | Nov 17, 2016 | F | 705 | $69.74 | D | 13,641 | D | |
| $.0001 par value common stock | holding | — | — | — | 1,427 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stock option, right to buyF2 | $69.74 | Nov 17, 2016 | A | 27,500 | A | — | Nov 17, 2022 | common stock | 27,500 | 27,500 | D |
| restricted stock unitF3,F4,F5 | — | Nov 17, 2016 | A | 9,167 | A | — | — | common stock | 9,167 | 9,167 | D |
| restricted stock unitF6,F5 | $0.00 | Nov 17, 2016 | M | 1,875 | D | — | — | common stock | 1,875 | 3,750 | 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 option vests in four (4) equal annual installments beginning on 11/17/2017.
- F3Each restricted stock unit represents a contingent right to receive one share of ViaSat, Inc. common stock.
- F4Subject 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.
- F5Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the issuer.
- F6The original restricted stock unit grant was for 7,500 restricted stock units on 11/17/2014. Subject to the reporting persons's continued employment with the Issuer, the units vest and convert into shares of common stock (on a 1-for-1 basis) in four (4) equal annual installments beginning on 11/17/2015.