AI assistant
Gen Digital Inc. — Director's Dealing 2013
May 22, 2013
30336_dirs_2013-05-22_cc1be397-0a85-4259-8ac8-263ef7d5be18.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYMANTEC CORP (SYMC)
CIK: 0000849399
Period of Report: 2013-05-20
Reporting Person: BEER JAMES A (EVP and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-20 | Common Stock | A | 44174 | $0.00 | Acquired | 300578 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-05-20 | Performance-based Restricted Stock Units | $ | A | 19400 | Acquired | Common Stock (19400) | Direct | |
| 2013-05-20 | Performance-based Restricted Stock Units | $ | A | 22400 | Acquired | Common Stock (22400) | Direct |
Footnotes
F1: Represents shares that are issuable pursuant to restricted stock units. 25% vests on June 1, 2014 and the remainder vests in three equal annual installments thereafter.
F2: Represents performance-based restricted stock units (PRUs) originally reported by the reporting person in a Form 4 filed with the Commission on May 2, 2012. The performance criterion measured at the end of the second year of the 3-year performance period under the PRU was exceeded, resulting in an increase in the minimum number of shares eligible to be earned at the end of fiscal 2014 from 19,400 shares to 38,800 shares.
F3: On May 10, 2012, the Reporting Person was granted performance-based restricted stock units (PRUs), with a target of 40,000 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2013, 0% to 133% of the target shares will be eligible (the "Eligible Shares") to be earned at the end of fiscal 2014 and 2015, based on, and subject to further adjustment 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 April 3, 2015. The performance criterion for fiscal 2013 was exceeded, resulting in 44,800 shares becoming Eligible Shares.