VIASAT INC — Director's Dealing 2012

Jun 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VIASAT INC (VSAT)
CIK: 0000797721
Period of Report: 2012-06-15

Reporting Person: LAY B ALLEN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-15	$.0001 par value common stock	M	8000	$6.06	Acquired	8000	Direct
2012-06-15	$.0001 par value common stock	G	8000	$0.00	Disposed	0	Direct
2012-06-15	$.0001 par value common stock	G	8000	$0.00	Acquired	177336	Indirect
2012-06-15	$.0001 par value common stock	S	1310	$37.15	Disposed	176026	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-15	stock option (right to buy)	$6.06	M	8000	Disposed	2012-09-03	common stock (8000)	Direct

Footnotes

F1: The stock option was granted to B. Allen Lay, a director of ViaSat, Inc. Upon exercise the shares were transferred to Lay Ventures, L.P. Mr. Lay and his wife are general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustees of The Lay Living Trust which owns a 2% interest in Lay Ventures, L.P. Mr. Lay disclaims beneficial ownership of the shares held by Lay Ventures, L.P. except to the extent of his pecuniary interest therein

F2: 176,026 shares are held by Lay Ventures, L.P. Mr. Lay and his wife are general partners of Lay Ventures, L.P. In addition, Mr. Lay and his wife are the trustees of The Lay Living Trust which holds 115,987 shares. The Lay Living Trust owns a 2% interest in Lay Ventures, L.P. Mr. Lay and his wife are also trustees of The Lay Charitable Remainder Trust which holds 30,400 shares. Mr. Lay disclaims beneficial ownership of the shares held by Lay Ventures, L.P. except to the extent of his pecuniary interest therein

F3: The stock option became exercisable in three equal installments on each of September 3, 2003, 2004 and 2005.