SEC Form 4 · accession 0001209191-15-042561
Gen Digital Inc. · GEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Amit Mital
Officer — EVP/GM, Emerging Endpoints,CTO
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 9:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000849399
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based Restricted Stock UnitsF1 | — | May 11, 2015 | A | 17,136 | A | — | — | Common Stock | 17,136 | 17,136 | D |
Explanation of responses
- F1On June 10, 2014, the Reporting Person was granted performance-based restricted stock units (PRUs), with a target of 34,866 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2015, 0% to 133% of the target shares will be eligible (the "Eligible Shares") to be earned at the end of fiscal 2016 and 2017, based on, and subject to further adjustment as a result of, the achievement of certain other performance criteria (but in no event will the Reporting Person earn less than 50% of the Eligible Shares), provided that the Reporting Person is employed by the Issuer through March 31, 2017. The performance criterion for fiscal 2015 was partially satisfied, resulting in 17,136 shares becoming Eligible Shares.