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Gen Digital Inc. — Director's Dealing 2019
Jun 12, 2019
30336_dirs_2019-06-12_1222f903-b7a5-4b54-b942-bf6e86deb5e3.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: 2019-06-10
Reporting Person: Kapuria Samir (EVP & GM, CBU & Cyber Sec.Svcs)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-06-10 | Common Stock | A | 73647 | $0.00 | Acquired | 359276 | Direct |
| 2019-06-12 | Common Stock | M | 67566 | $19.19 | Acquired | 426842 | Direct |
| 2019-06-12 | Common Stock | F | 30002 | $19.19 | Disposed | 396840 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-06-12 | Performance-based Restricted Stock Units | $ | A | 112606 | Acquired | Common Stock (112606) | Direct | |
| 2019-06-12 | Performance-based Restricted Stock Units | $ | M | 67566 | Disposed | Common Stock (67566) | Direct |
Footnotes
F1: Represents shares that are issuable pursuant to restricted stock units. 30% vests on June 1, 2020, 30% vests on June 1, 2021 and 40% vests
on June 1, 2022.
F2: Shares withheld by Symantec Corporation ("Symantec) to satisfy tax withholding requirements on vesting of performance-based restricted stock
units (PRUs). No shares were sold.
F3: On July 10, 2018, the Reporting Person was granted PRUs with a target of 238,242 shares. The PRU provides that, depending on the Issuer's achievement of the performance criteria for fiscal 2019, 0% to 200% of the target shares will be eligible to be earned at the end of fiscal 2019 (the "Grant 1 Eligible Shares"), subject to certain further adjustments, provided that the Reporting Person is employed by the Issuer through March 29, 2019 and April 3, 2020, as described herein. The performance criteria were partially satisfied, resulting in 112,606 shares becoming Grant 1 Eligible Shares for fiscal 2019. These shares vested as to 60% on March 29, 2019 and were released on June 12, 2019, and 40% will vest on April 3, 2020 subject to restrictions, including continued employment through such date.