4//SEC Filing
COMPUTER SCIENCES CORP 4
Accession 0000023082-17-000052
CIK 0000023082operating
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 6:18 AM ET
Size
17.1 KB
Accession
0000023082-17-000052
Insider Transaction Report
Form 4
Smith James R
Exec VP & GM GBS
Transactions
- Sale
Common Stock
2017-04-01−35,399→ 0 total - Disposition to Issuer
Options (rights to buy)
2017-04-01−6,943→ 0 totalExercise: $27.32From: 2015-05-16Exp: 2024-05-16→ Common Stock (6,943 underlying) - Disposition to Issuer
Options (rights to buy)
2017-04-01−51,619→ 0 totalExercise: $30.73From: 2016-05-22Exp: 2025-05-22→ Common Stock (51,619 underlying) - Disposition to Issuer
Options (rights to buy)
2017-04-01−89,965→ 0 totalExercise: $49.24From: 2017-05-27Exp: 2026-05-27→ Common Stock (89,965 underlying) - Disposition to Issuer
Restricted Stock Units
2017-04-01−14,544→ 0 totalExercise: $0.00→ Common Stock (14,544 underlying) - Disposition to Issuer
Restricted Stock Units
2017-04-01−2,890→ 0 totalExercise: $0.00From: 2017-05-27→ Common Stock (2,890 underlying)
Footnotes (8)
- [F1]Each share of Common Stock was disposed of at the effective time of the merger of Computer Sciences Corporation (the "Company") with and into New Everett Merger Sub, Inc. on April 1, 2017 (the "Merger") by conversion into one share of common stock of DXC Technology Company.
- [F2]Each Option was disposed of at the effective time of the Merger by conversion into one option to purchase one share of common stock of DXC Technology Company on the same terms and conditions that were in effect immediately prior to the consummation of the Merger.
- [F3]This option is exercisable in three equal annual installments beginning May 16, 2015.
- [F4]This option is exercisable in three equal annual installments beginning May 12, 2016.
- [F5]This option is exercisable in three equal annual installments beginning May 27, 2017.
- [F6]Restricted Stock Units ("RSUs") were disposed of at the effective time of the Merger by conversion into RSUs of DXC Technology Company on the same terms and conditions that were in effect immediately prior to the consummation of the Merger.
- [F7]Each vested RSU entitles the reporting person to receive one share of common stock. The RSUs fully vest at age 62, subject to the reporting person's continued employment through that date, and may vest earlier in certain other circumstances. In addition, 50% of the RSUs vest at age 55 or older with at least five years of continuous service, with an additional 10% of the RSUs vesting for each subsequent year of continuous service, subject to the reporting person's continued employment through the vesting date. Vested RSUs are released as shares of common stock at the rate of 10% of the shares granted on each of the first ten anniversaries of the reporting person's employment termination date.
- [F8]Each RSU granted as part of the Fiscal 2017 Retention Award entitles the reporting person to receive one share of common stock upon the vesting date. The RSUs vest on May 27, 2017.
Documents
Issuer
COMPUTER SCIENCES CORP
CIK 0000023082
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000023082
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 6:18 AM ET
- Size
- 17.1 KB