Sawyer Kenneth D 4
4 · Verso Corp · Filed Feb 26, 2018
Insider Transaction Report
Form 4
Verso CorpVRS
Sawyer Kenneth D
Vice President - HR
Transactions
- Award
Class A Common Stock
2018-02-22+14,819→ 63,110 total
Footnotes (2)
- [F1]Consists of 14,819 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) 7,409 Stock Units will vest on January 1, 2021; and (b) 7,410 Stock Units will vest on January 1, 2022. The reported Stock Units do not include 14,819 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met.
- [F2]Consists of: (i) the 14,819 Stock Units described in footnote (1); (ii) 1,483 shares of Class A Common Stock; (iii) 4,435 Stock Units vesting in two substantially equal installments beginning on July 28, 2018; (iv) 21,186 Stock Units that will vest on January 1, 2020; and (v) 21,187 Stock Units that will vest on January 1, 2021. The reported Stock Units do not include: (a) 42,373 Stock Units that will vest on or about January 1, 2020, if certain performance objectives which have been established by the issuer have been met; and (b) the 14,819 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met, as described in footnote (1).