SEC Form 4 · accession 0001209191-18-053813

Gen Digital Inc. · GEN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Amy L. Cappellanti-Wolf

Officer — SVP, Chief Human Resource Off.

Period of report

Oct 1, 2018

Accepted (ET)

Oct 3, 2018 · 4:30 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	Oct 1, 2018	M	249,650	$20.56	A	418,739	D
Common Stock^F1	Oct 1, 2018	F	123,778	$20.56	D	294,961	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 Units^F2	—	Oct 1, 2018	M	42,508	D	—	—	Common Stock	42,508	0	D
Performance-based Restricted Stock Units^F3	—	Oct 1, 2018	M	207,142	D	—	—	Common Stock	207,142	0	D
Performance-based Restricted Stock Units^F3	—	Oct 1, 2018	A	15,080	A	—	—	Common Stock	15,080	15,080	D
Performance-based Restricted Stock Units^F4	—	Oct 1, 2018	A	20,012	A	—	—	Common Stock	20,012	20,012	D

Explanation of responses

F1Shares withheld by Symantec Corporation ("Symantec) to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.
F2Represents PRUs originally reported by the reporting person in a Form 4 filed with the Commission on May 11, 2016.
F3On June 10, 2016, the Reporting Person was granted PRUs with a target of 82,857 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2018, 0% to 300% of the target shares will be eligible (the "Grant 1 Eligible Shares") to be earned. 0% to 250% of the Grant 1 Eligible Shares were eligible to be earned at the end of fiscal 2018, subject to certain further adjustments, provided that the Reporting Person is employed by the Issuer through March 30, 2018. The additional up to 50% of the Grant 1 Eligible Shares are eligible to be earned at the end of the fiscal 2019 provided that the Reporting Person is employed by the Issuer on March 29, 2019. The performance criterion was partially satisfied, resulting in 207,142 shares becoming Grant 1 Eligible Shares for fiscal 2018 and were earned by the Reporting Person. Additionally, 15,080 shares became Grant 1 Eligible Shares for fiscal 2019.
F4On June 9, 2017, the Reporting Person was granted PRUs with a target of 79,257 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2018, 0% to 200% of the 50% of the target shares will be eligible ("Grant 2 Eligible Shares") to be earned at the end of fiscal 2020, based on, and subject to further adjustments with respect to the other 50% of the target shares as a result of, the achievement of certain other performance criteria, provided that the Reporting Person is employed by the Issuer through April 3, 2020. The performance criterion for fiscal 2018 was partially satisfied, resulting in 20,012 shares becoming Grant 2 Eligible Shares.