SEC Form 4 · accession 0001209191-18-059574
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, 2018
Accepted (ET)
Nov 20, 2018 · 6:40 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 stockF1 | Nov 17, 2018 | M | 3,458 | $0.00 | A | 27,987 | D | |
| $.0001 par value common stock | Nov 19, 2018 | F | 1,822 | $69.05 | D | 26,165 | D | |
| $.0001 par value common stockF3 | holding | — | — | — | 830 | 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 unitF4,F5 | $0.00 | Nov 17, 2018 | M | 750 | D | — | — | common stock | 750 | 0 | D |
| restricted stock unitF6,F5 | $0.00 | Nov 17, 2018 | M | 1,250 | D | — | — | common stock | 1,250 | 1,250 | D |
| restricted stock unitF7,F5 | $0.00 | Nov 17, 2018 | M | 1,458 | D | — | — | common stock | 1,458 | 2,916 | D |
| restricted stock unitF8,F9,F5 | — | Nov 19, 2018 | A | 5,833 | A | — | — | common stock | 5,833 | 5,833 | D |
Explanation of responses
- F1Includes 187 shares purchased under the Viasat Employee Stock Purchase Plan on June 29, 2018.
- F2This 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.
- F3Includes 183 shares of common stock the reporting person acquired under the Viasat 401(k)Plan, since the date of the reporting person's last ownership report.
- F4The original restricted stock unit grant was for 3,000 restricted stock units on 11/17/2014. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary 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 5,000 restricted stock units on 11/17/2015. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
- F7The original restricted stock unit grant was for 5,833 restricted stock units on 11/17/2016. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
- F8Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
- F9Subject 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.