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VISTEON CORP — Director's Dealing 2020
Feb 10, 2020
31294_dirs_2020-02-10_3cd2c0f0-7a06-4ec5-9115-da63d45d59ba.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VISTEON CORP (VC)
CIK: 0001111335
Period of Report: 2020-02-06
Reporting Person: Lawande Sachin (Director, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-06 | Common Stock | M | 26429 | — | Acquired | 116952 | Direct |
| 2020-02-06 | Common Stock | F | 9771 | $84.33 | Disposed | 107181 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-06 | Performance Rights | $ | A | 3838 | Disposed | 2020-01-31 | Common Stock (3838) | Direct |
| 2020-02-06 | Performance Rights | $ | M | 26429 | Disposed | 2020-01-31 | Common Stock (26429) | Direct |
Footnotes
F1: Each performance right, which is the economic equivalent of one share of Visteon common stock, was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of February 6, 2020.
F2: The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Performance Rights. The value of each share was based on the fair market value of Visteon common stock as of February 6, 2020.
F3: Each Performance Right represents a contingent right to receive one share of Visteon common stock. The Performance Rights vested based on relative total shareholder return over a three year performance period and were paid in stock at the election of the Company.
F4: Additional Performance Rights were received because the performance criteria was exceeded.