LEDERER LESLIE T 4
4 · Verso Corp · Filed Apr 11, 2019
Insider Transaction Report
Form 4
Verso CorpVRS
LEDERER LESLIE T
Interim CEO
Transactions
- Award
Class A Common Stock
2019-04-05+6,772→ 6,772 total
Footnotes (2)
- [F1]Consists of 6,772 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) 50% on the 90th day following the effective date of the employment agreement between the issuer and the reporting person; and (b) 50% on the 180th day following the effective date of the employment agreement between the issuer and the reporting person. An additional 60,948 Stock Units will vest upon a change of control transaction as described in the Award Agreement between the issuer and the reporting person.
- [F2]Consists of the 6,772 Stock Units described in footnote (1).