Gen Digital Inc. — Director's Dealing 2019

Jun 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SYMANTEC CORP (SYMC)
CIK: 0000849399
Period of Report: 2019-06-10

Reporting Person: Pilette Vincent (EVP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-10	Common Stock	A	155429	$0.00	Acquired	165429	Direct
2019-06-10	Common Stock	A	206211	$0.00	Acquired	371640	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	620477	Indirect

Footnotes

F1: Restricted shares of Issuer common stock subject to vesting conditions and other restrictions. As previously disclosed in the Form 8-K filed by the Issuer on May 9, 2019, the Issuer and the Reporting Person entered into an employment offer letter on May 9, 2019 (the "Offer Letter") providing that, among other things, if the Reporting Person purchased shares of the Issuer's common stock on the public market with a fair market value of up to $10,000,000 within sixty days following his start date with the Issuer (or, if later, within 10 days after the Issuer's trading window opens) (the "Stock Purchase"), the Issuer would grant the Reporting Person a restricted stock unit award with an aggregate grant-date value equal to 30% of the value of the Issuer common shares so purchased by the Reporting Person (the "Additional Award"),determined based on the weighed-average price per share of Issuer's common stock acquired pursuant to the Stock Purchase. See footnote 4 for additional information.

F2: The restrictions on these shares lapse and the shares vest over three years, with 30% vesting on June 10, 2020, 30% vesting on June 10, 2021, and 40% vesting on June 10, 2022.

F3: 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.

F4: Of these shares, 442,883 shares were purchased in the open market by the Reporting Person on May 14, 2019 and 75,211 shares were purchased in the open market by the reporting person on May 15, 2019 for an aggregate purchase price in excess of $10,000,000 in accordance with the Offer Letter, dated May 9, 2019. These shares are set forth on the Form 3 filed by the Reporting Person on May 24, 2019. As a result of this purchase, the Reporting Person was granted 155,429 restricted shares as disclosed in footnote 1, above. The Issuer and the Reporting Person have mutually agreed that the Additional Award would be granted in the form of restricted shares, rather than restricted stock units, but would otherwise have the same terms as those set forth in the Offer Letter.