Sawyer Kenneth D 4
4 · Verso Corp · Filed Oct 16, 2017
Insider Transaction Report
Form 4
Verso CorpVRS
Sawyer Kenneth D
Vice President - HR
Transactions
- Award
Class A Common Stock
2017-10-12+42,373→ 48,291 total
Footnotes (2)
- [F1]Consists of 42,373 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units will vest as follows: (a) 21,186 Stock Units will vest on January 1, 2020; and (b) 21,187 Stock Units will vest on January 1, 2021. The reported Stock Units do not include 42,373 Stock Units that will vest on January 1, 2020, if certain performance objectives that will be established by the issuer have been met.
- [F2]Consists of (i) the 42,373 Stock Units described in footnote (1), (ii) 1,483 shares of Class A Common Stock, and (iii) 4,435 Stock Units vesting in two substantially equal installments beginning on July 28, 2018.