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UNISYS CORP — Director's Dealing 2017
Feb 14, 2017
33416_dirs_2017-02-14_d3bc7821-2666-41dd-bdd4-e0b992cc12a3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNISYS CORP (UIS)
CIK: 0000746838
Period of Report: 2017-02-10
Reporting Person: RENZI JEFFREY (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-10 | Common Stock | M | 8955 | — | Acquired | 27287 | Direct |
| 2017-02-10 | Common Stock | M | 9337 | — | Acquired | 36624 | Direct |
| 2017-02-10 | Common Stock | F | 2449 | $14.15 | Disposed | 34175 | Direct |
| 2017-02-10 | Common Stock | F | 2553 | $14.15 | Disposed | 31622 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-10 | Restricted Stock Units | $ | M | 9337 | Disposed | Common Stock (8955) | Direct | |
| 2017-02-10 | Restricted Stock Units | $ | M | 9337 | Disposed | Common Stock (9337) | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive 0.959 shares of Unisys Corporation common stock.
F2: Performance-based restricted stock units ("PB-RSUs") granted on February 11, 2016 under the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are earned one-third annually over a three-year period to the extent that Unisys Corporation achieves a performance goal relating to operating profit for that year in each of 2016, 2017 and 2018, respectively, and then such earned PB-RSUs vest on February 11, 2017, 2018 and 2019. This report only relates to the PB-RSUs the reporting person earned based on the 2016 performance goal. All shares resulting from such earned PB-RSUs vested on February 11, 2017.
F3: Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
F4: Time-based restricted stock units granted under the Unisys Corporation 2010 Long-Term Incentive and Equity Compensation Plan. The restricted stock units vest in three equal annual installments beginning February 11, 2017.