St. John Adam 4
4 · Verso Corp · Filed Apr 1, 2019
Insider Transaction Report
Form 4
Verso CorpVRS
St. John Adam
SVP - Manufacturing
Transactions
- Award
Class A Common Stock
2019-03-28+11,876→ 74,864 total - Award
Class A Common Stock
2019-03-28+3,235→ 20,087 total(indirect: By Spouse)
Footnotes (4)
- [F1]Consists of 11,876 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: (i) 33% on January 1, 2020; (ii) 33% on January 1, 2021; and (iii) 34% on January 1, 2022. The reported Stock Units do not include 11,877 Stock Units that will vest on or about January 1, 2022, if certain performance objectives established by the issuer have been met.
- [F2]Consists of: (i) the 11,876 Stock Units described in footnote (1); (ii) 3,393 shares of Class A Common Stock; (iii) 2,403 Stock Units that will vest on July 28, 2019; (iv) 42,373 Stock Units vesting in two substantially equal installments beginning on January 1, 2020; and (v) 14,819 Stock Units vesting in two substantially equal installments beginning on January 1, 2021.
- [F3]Consists of 3,235 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: (i) 33% on January 1, 2020; (ii) 33% on January 1, 2021; and (iii) 34% on January 1, 2022. The reported Stock Units do not include 3,235 Stock Units that will vest on or about January 1, 2022, if certain performance objectives established by the issuer have been met.
- [F4]Consists of: (i) the 3,235 Stock Units described in footnote (3); (ii) 1,094 shares of Class A Common Stock; (iii) 775 Stock Units that will vest on July 28, 2019; (iv) 11,101 Stock Units vesting in two substantially equal installments beginning on January 1, 2020; and (v) 3,882 Stock Units vesting in two substantially equal installments beginning on January 1, 2021.