4//SEC Filing
Taipale Mikko S 4
Accession 0000899243-18-021373
CIK 0001733186other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 4:06 PM ET
Size
14.3 KB
Accession
0000899243-18-021373
Insider Transaction Report
Form 4
Taipale Mikko S
EVP, Human Resources
Transactions
- Purchase
Common Stock
2018-08-01$50.71/sh+600$30,426→ 960 total
Holdings
- 208.53
Restricted Stock Unit
From: 2019-02-15Exp: 2019-02-15→ Common Stock (208.53 underlying) - 437.171
Restricted Stock Unit
From: 2020-02-19Exp: 2020-02-19→ Common Stock (437.171 underlying) - 633.581
Restricted Stock Unit
From: 2020-02-19Exp: 2020-02-19→ Common Stock (633.581 underlying) - 857.058
Restricted Stock Unit
From: 2019-02-15Exp: 2019-02-15→ Common Stock (857.058 underlying) - 930.836
Restricted Stock Unit
From: 2021-02-13Exp: 2021-02-13→ Common Stock (930.836 underlying)
Footnotes (9)
- [F1]Includes 360 shares acquired in the distribution by Autoliv, Inc. ("ALV") of 100% of the outstanding shares of common stock of VNE on a pro rata basis to ALV stockholders on June 29, 2018 (the "Spin-off").
- [F2]Each restricted stock unit (RSU) represents a contingent right to receive one share of VNE common stock.
- [F3]As reported in the Registration Statement on Form 10 filed by VNE with the SEC, in connection with the Spin-off, stock-based awards granted by ALV prior to the Spin-of were converted into adjusted stock-based awards relating to both shares of ALV and VNE common stock. With certain limited exceptions, the adjusted awards are subject to the same or equivalent vesting conditions and other terms that applied to the applicable original ALV award immediately before the Spin-off. For each holder of a stock option or RSU, 50% of the outstanding stock award value, as calculated immediately prior to the spin-off, was converted to a stock option or RSU, as applicable, of VNE, and 50% to a stock option or RSU, as applicable, of ALV, in each case with an adjustment to the number of shares and, in the case of stock options, exercise price, as required to preserve the value inherent in the stock award before and after the distribution.
- [F4](continued from footnote 3) Outstanding performance shares were converted to RSUs of both AVL and VNE as described above, with the number of performance shares so converting determined based on: (i) for the period between the beginning of the performance period and December 31, 2017, the actual level of performance measured as of December 31, 2017; and (ii) for the period following December 31, 2017 and the last day of the applicable performance period, actual performance measured as of December 31, 2017, or target level performance, whichever was greater. The conversion and adjustment described herein is referred to as the "Spin-off Conversion and Adjustment."
- [F5]Reflects RSUs received in connection with the Spin-off Conversion and Adjustment with respect to RSUs granted by ALV on February 15, 2016.
- [F6]Reflects RSUs received in connection with the Spin-off Conversion and Adjustment with respect to RSUs granted by ALV on February 19, 2017.
- [F7]Reflects RSUs received in connection with the Spin-off Conversion and Adjustment with respect to RSUs granted by ALV on February 13, 2018.
- [F8]Reflects RSUs received in connection with the Spin-off Conversion and Adjustment with respect to performance shares granted by ALV on February 15, 2016.
- [F9]Reflects RSUs received in connection with the Spin-off Conversion and Adjustment with respect to performance shares granted by ALV on February 19, 2017.
Documents
Issuer
Veoneer, Inc.
CIK 0001733186
Entity typeother
Related Parties
1- filerCIK 0001742789
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 4:06 PM ET
- Size
- 14.3 KB