4//SEC Filing
St. John Adam 4
Accession 0000899243-18-005447
CIK 0001421182other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 3:12 PM ET
Size
8.9 KB
Accession
0000899243-18-005447
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Award
Class A Common Stock
2018-02-22+3,882→ 17,068 total(indirect: By Spouse) - Award
Class A Common Stock
2018-02-22+14,819→ 63,657 total
Footnotes (4)
- [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) 1,660 shares of Class A Common Stock; (iii) 4,805 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).
- [F3]Consists of 3,882 Stock Units held by Mr. St. John's spouse. 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) 1,941 Stock Units will vest on January 1, 2021; and (b) 1,941 Stock Units will vest on January 1, 2022. The reported Stock Units do not include 3,883 Stock Units that will vest on or about January 1, 2021, if certain performance objectives established by the issuer have been met.
- [F4]Consists of: (i) the 3,882 Stock Units described in footnote (3); (ii) 535 shares of Class A Common Stock; (iii) 1,550 Stock Units vesting in two substantially equal installments beginning on July 28, 2018; (iv) 5,550 Stock Units that will vest on January 1, 2020; and (v) 5,551 Stock Units that will vest on January 1, 2021. The reported Stock Units do not include: (a) 11,102 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 3,883 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 (3).
Documents
Issuer
Verso Corp
CIK 0001421182
Entity typeother
Related Parties
1- filerCIK 0001681544
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 3:12 PM ET
- Size
- 8.9 KB