SEC Form 4 · accession 0001209191-17-050591
Gen Digital Inc. · GEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory S. Clark
Officer — CEO · Director
Period of report
Aug 28, 2017
Accepted (ET)
Aug 29, 2017 · 4:33 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 | Aug 28, 2017 | M | 186,433 | $6.73 | A | 1,321,671 | D | |
| Common StockF2,F3 | Aug 28, 2017 | S | 186,433 | $30.0014 | D | 1,135,238 | D | |
| Common Stock | holding | — | — | — | 207,907 | I | Gregory S Clark TR UA 01/29/2016 Gregory S Clark Living Trust | |
| Common Stock | holding | — | — | — | 2,121,613 | I | GSC-OZ Investment LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non- Qualified Stock Option (right to buy)F4 | $6.73 | Aug 28, 2017 | M | 186,433 | D | — | Sep 9, 2025 | Common Stock | 186,433 | 3,678,838 | D |
Explanation of responses
- F1The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 31, 2017.
- F2Represents the aggregate of sales effected on the same day at different prices pursuant to the plan in footnote (1).
- F3Represents the weighted average sales price per share. The shares sold at prices ranging from $30.00 to $30.01 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
- F4The option vests and becomes exercisable in equal monthly installments over a period of two years, beginning August 1, 2016.