SEC Form 4 · accession 0001209191-16-135333
Gen Digital Inc. · GEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael David Fey
Officer — President and COO
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 7:49 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 | Aug 1, 2016 | A | 173,410 | $0.00 | A | 173,410 | D | |
| Common StockF2 | Aug 1, 2016 | A | 102,329 | $0.00 | A | 275,739 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4,F3 | $1.69 | Aug 1, 2016 | A | 79,287 | A | — | May 22, 2025 | Common Stock | 79,287 | 79,287 | D |
| Employee Stock Option (right to buy)F6,F5 | $6.73 | Aug 1, 2016 | A | 2,601,625 | A | — | Sep 9, 2025 | Common Stock | 2,601,625 | 2,601,625 | D |
Explanation of responses
- F1Shares acquired pursuant to the merger (the "Merger") in which a wholly owned subsidiary of Symantec was merged with and into Blue Coat, Inc. ("Blue Coat"). The Reporting Person held 98,699.62 restricted stock units to acquire Blue Coat common stock that were exchanged for restricted stock units to acquire Symantec common stock in the Merger. On the effective date of the Merger, the closing price of Symantec's common stock was $20.55 per share. Shares to vest 30% on August 1, 2017, 30% on August 1, 2018, and 40% on August 1, 2019.
- F2Shares acquired pursuant to the Merger. The Reporting Person held 58,242.65 restricted stock units to acquire Blue Coat common stock that were exchanged for restricted stock units to acquire Symantec common stock in the Merger. On the effective date of the Merger, the closing price of Symantec's common stock was $20.55 per share. Shares to vest 30% on August 1, 2017, 30% on August 1, 2018, and 40% on August 1, 2019.
- F3The option is fully vested.
- F4Acquired pursuant to the Merger. The Reporting Person held an employee stock option to acquire 53,333.33 shares of Blue Coat common stock for $2.50 per share that was exchanged for this option to purchase shares of common stock of Symantec in the Merger
- F5The option vests and becomes exercisable in equal monthly installments over a period of two years, beginning August 1, 2016.
- F6Acquired pursuant to the Merger. The Reporting Person held an employee stock option to acquire 1,750,000 shares of Blue Coat common stock for $10.00 per share that was exchanged for this option to purchase shares of common stock of Symantec in the Merger.