SEC Form 4 · accession 0001209191-18-050343
VIASAT INC · VSAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
B Allen Lay
Director
Period of report
Sep 6, 2018
Accepted (ET)
Sep 10, 2018 · 6:12 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 7, 2018 | M | 1,600 | $0.00 | A | 1,600 | D | |
| $.0001 par value common stock | Sep 7, 2018 | G | 1,600 | $0.00 | D | 0 | D | |
| $.0001 par value common stockF2 | Sep 7, 2018 | G | 1,600 | $0.00 | A | 318,213 | 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 | $61.60 | Sep 6, 2018 | A | 5,000 | A | — | Sep 6, 2024 | common stock | 5,000 | 5,000 | D |
| restricted stock unitF4,F5,F6 | — | Sep 6, 2018 | A | 1,600 | A | — | — | common stock | 1,600 | 1,600 | D |
| restricted stock unitF6 | $0.00 | Sep 7, 2018 | M | 1,600 | D | Sep 7, 2018 | — | 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 132,187 shares. The Lay Living Trust owns a 2% interest in Lay Ventures, L.P. 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 6, 2019.
- 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 6, 2019.
- F6Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of the directorship with the Issuer.