SEC Form 4 · accession 0000899243-18-013564
Gen Digital Inc. · GEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Hao
Director
Period of report
May 17, 2018
Accepted (ET)
May 21, 2018 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000849399
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F3 | May 17, 2018 | A | 12,320 | $0.00 | A | 41,659 | I | See footnote |
| Common StockF2,F3 | May 17, 2018 | A | 2,240 | $22.32 | A | 43,899 | I | See footnote |
| Common StockF4 | holding | — | — | — | 79 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the Reporting Person's service as a non-employee director of the Issuer, pursuant to the non-employee director grant policy, such Reporting Person has been granted restricted stock units.100% of the restricted stock units vest on grant date.
- F2Shares issued pursuant to 2000 Director Equity Incentive Plan, as amended.
- F3These securities are held by Mr. Hao for the benefit of Silver Lake Technology Management, L.L.C., certain of its affiliates and certain of the funds they manage ("Silver Lake"). Mr. Hao serves as a director of the Issuer. Pursuant to Mr. Hao's arrangement with Silver Lake with respect to director compensation, upon the sale of these securities, the proceeds from such sale(s) are expected to be remitted to Silver Lake and/or its limited partners. Mr. Hao, through his role at Silver Lake and its affiliates, may be deemed to have an indirect interest in these securities.
- F4Mr. Hao has an indirect pecuniary interest in these shares of the common stock held in a managed account through a broker-dealer.
Remarks
Pursuant to Rule 16a-1(a)(4) of the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is a beneficial owner of all securities covered by this filing, and the Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, if any.