SYMANTEC CORP 4
4 · SYMANTEC CORP · Filed Jun 3, 2013
Insider Transaction Report
Form 4
SYMANTEC CORPSYMC
BENNETT STEPHEN M
Director
Transactions
- Award
Performance Contingent Stock Units
2013-05-30+782,414→ 782,414 total→ Common Stock (782,414 underlying)
Footnotes (1)
- [F1]Each Performance Contingent Stock Unit (PCSU) represents a contingent stock right to receive one share of the Company's common stock. The PCSUs will vest and settle as follows: (i) one-third of the PCSUs shall vest at the end of fiscal 2014 if the average closing stock price for any 60 consecutive trading days (the "Average Closing Price") during fiscal 2014 exceeds $26.79; (ii) one-third of the PCSUs (plus any PCSUs that did not vest during fiscal year 2014) shall vest at the end of fiscal 2015 if the Average Closing Price during fiscal 2014-15 exceeds $30.01; (iii) one-third of the PCSUs (plus any PCSUs that did not vest during fiscal 2014-15) shall vest if the Average Closing Price during fiscal 2014-2016 exceeds $33.61; and (iv) any shares that did not vest during the period described in (iii) above shall vest at the end of fiscal 2017 if the Average Closing Price exceeds $37.64 (with proportional vesting to the extent that the Average Closing Price exceeds $31.57).