SEC Form 4 · accession 0001209191-17-034992
Gen Digital Inc. · GEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roxane Divol
Officer — EVP and GM, Website Security
Period of report
May 22, 2017
Accepted (ET)
May 24, 2017 · 4:43 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 22, 2017 | M | 29,246 | $29.58 | A | 145,870 | D | |
| Common Stock | May 22, 2017 | F | 12,183 | $29.58 | D | 133,687 | 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 22, 2017 | M | 29,246 | D | — | — | Common Stock | 29,246 | 0 | D |
| Performance-based Restricted Stock UnitsF2 | — | May 22, 2017 | A | 6,080 | A | — | — | Common Stock | 6,080 | 12,159 | D |
Explanation of responses
- F1On June 10, 2014, the Reporting Person was granted performance-based restricted stock units (PRUs), with a target of 23,244 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 "Grant 1 Eligible Shares") to be earned at the end of fiscal 2016 and 2017, 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 31, 2017. The performance criterion for fiscal 2016 was partially satisfied, resulting in 17,822 shares becoming Grant 1 Eligible Shares. The performance criterion for fiscal 2017 was satisfied, resulting in an additional 11,424 shares becoming Grant 1 Eligible Shares.
- F2On June 10, 2015, the Reporting Person was granted PRUs with a target of 14,975 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 "Grant 2 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 6,079 shares becoming Grant 2 Eligible Shares. The performance criterion for fiscal 2017 was partially satisfied, resulting in an additional 6,080 shares becoming Grant 2 Eligible Shares.