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Gen Digital Inc. — Director's Dealing 2018
Oct 3, 2018
30336_dirs_2018-10-03_2c4d175f-4dd9-4b62-b975-44e273a30142.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SYMANTEC CORP (SYMC)
CIK: 0000849399
Period of Report: 2018-10-01
Reporting Person: Cappellanti-Wolf Amy L. (SVP, Chief Human Resource Off.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-10-01 | Common Stock | M | 249650 | $20.56 | Acquired | 418739 | Direct |
| 2018-10-01 | Common Stock | F | 123778 | $20.56 | Disposed | 294961 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-10-01 | Performance-based Restricted Stock Units | $ | M | 42508 | Disposed | Common Stock (42508) | Direct | |
| 2018-10-01 | Performance-based Restricted Stock Units | $ | M | 207142 | Disposed | Common Stock (207142) | Direct | |
| 2018-10-01 | Performance-based Restricted Stock Units | $ | A | 15080 | Acquired | Common Stock (15080) | Direct | |
| 2018-10-01 | Performance-based Restricted Stock Units | $ | A | 20012 | Acquired | Common Stock (20012) | Direct |
Footnotes
F1: Shares withheld by Symantec Corporation ("Symantec) to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.
F2: Represents PRUs originally reported by the reporting person in a Form 4 filed with the Commission on May 11, 2016.
F3: On 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.
F4: On 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.