SEC Form 4 · accession 0001209191-16-119277
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 9, 2016
Accepted (ET)
May 11, 2016 · 6:28 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 9, 2016 | M | 12,526 | $16.64 | A | 243,574 | D | |
| Common Stock | May 9, 2016 | F | 4,708 | $16.64 | D | 238,866 | 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 9, 2016 | M | 12,526 | D | — | — | Common Stock | 12,526 | 0 | D |
| Performance-based Restricted Stock UnitsF2 | — | May 9, 2016 | A | 15,354 | A | — | — | Common Stock | 15,354 | 42,772 | D |
| Performance-based Restricted Stock UnitsF3 | — | May 9, 2016 | A | 48,638 | A | — | — | Common Stock | 48,638 | 48,638 | 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.
- F2Represents performance-based restricted stock units (PRUs) originally reported by the reporting person in a Form 4 filed with the commission on May 13, 2015.
- F3On June 10, 2015, the Reporting Person was granted PRUs with a target of 119,799 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2016, 0% to 133% of the target shares will be eligible (the "Eligible Shares") to be earned at the end of fiscal 2017 and 2018, based on, and subject to further adjustments 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 30, 2018. The performance criterion for fiscal 2016 was partially satisfied, resulting in 48,638 shares becoming Eligible Shares.