SEC Form 4 · accession 0001209191-15-042563
Gen Digital Inc. · GEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis C Rosch
Officer — EVP, Norton Business Unit
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 9:01 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 Stock | May 11, 2015 | M | 5,833 | $25.435 | A | 171,845 | D | |
| Common Stock | May 11, 2015 | F | 2,193 | $25.435 | D | 169,652 | D |
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 | M | 5,833 | D | — | — | Common Stock | 5,833 | 0 | D |
| Performance-based Restricted Stock UnitsF2 | — | May 11, 2015 | A | 27,418 | A | — | — | Common Stock | 27,418 | 27,418 | D |
Explanation of responses
- F1Represents performance-based restricted stock units (PRUs) originally reported by the reporting person in a Form 3 filed with the Commission on July 1, 2014.
- F2On June 10, 2014, the Reporting Person was granted PRUs with a target of 55,785 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 27,418 shares becoming Eligible Shares.