SEC Form 4 · accession 0001209191-17-028573
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
Apr 26, 2017
Accepted (ET)
Apr 28, 2017 · 12:19 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 | Apr 26, 2017 | M | 2,000 | $0.00 | A | 18,858 | D | |
| $.0001 par value common stockF2 | Apr 26, 2016 | F | 745 | $65.25 | D | 18,113 | D | |
| $.0001 par value common | holding | — | — | — | 473 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted stock unitF3,F4 | $0.00 | Apr 26, 2017 | M | 2,000 | D | — | — | common stock | 2,000 | 0 | 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.
- F2Includes 163 shares purchased under the ViaSat Employee Stock Purchase Plan on 12/30/2016.
- F3The original restricted stock unit grant on 04/26/2013 was for 8,000 restricted stock units. Subject to the reporting person's continued employment with the Issuer, the units vest and convert into shares of common stock of the Issuer at a rate of 1/4 on the 13th month anniversay of the grant date; 1/4 on the second anniversary of the grant date, 1/4th on the third anniversary of the grant date and 1/4th 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.