4//SEC Filing
Verso Corp 4
Accession 0000899243-16-026004
CIK 0001421182operating
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 1:50 PM ET
Size
8.4 KB
Accession
0000899243-16-026004
Insider Transaction Report
Form 4
Verso CorpVRS
Hinchman Benjamin IV
Vice President and
Transactions
- Award
Class A Common Stock
2016-07-28+5,765→ 5,765 total
Footnotes (4)
- [F1]On January 26, 2016, Verso Corporation and substantially all of its direct and indirect subsidiaries (collectively, the "Debtors") filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On June 23, 2016, the Bankruptcy Court entered an order confirming the Debtors' First Modified Third Amended Joint Plan of Reorganization Under Chapter 11 of the Bankruptcy Code dated as of June 20, 2016 (the "Plan").
- [F2](Continued from Footnote 1) On July 15, 2016 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from their chapter 11 cases. On the Effective Date, all outstanding shares of Verso Corporation's old common stock, including all options to purchase such stock, were cancelled and extinguished. The Class A Common Stock is an issue of capital stock created as of the Effective Date and represents an ownership interest in Verso Corporation subsequent to the Effective Date.
- [F3]Consists of 5,765 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units vest in one-third (1/3) installments on each of the first, second and third anniversaries of the grant date.
- [F4]Consists of the 5,765 Stock Units described in footnote (3).
Issuer
Verso Corp
CIK 0001421182
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001421182
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 1:50 PM ET
- Size
- 8.4 KB