VISTEON CORP 4
4 · VISTEON CORP · Filed Oct 31, 2013
Insider Transaction Report
Form 4
Widgren Michael J
VP & Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2013-10-29$76.67/sh−1,108$84,950→ 16,589 total - Exercise/Conversion
Common Stock
2013-10-29+2,422→ 17,697 total - Exercise/Conversion
Restricted Stock Units
2013-10-29−2,422→ 4,845 totalExp: 2015-10-29→ Common Stock (2,422 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on October 29, 2013 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of October 29, 2013.
- [F2]The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of October 29, 2013.
- [F3]Restricted Stock Units vest to the extent of 33% of the units granted each year following the first anniversary of October 29, 2012 until the third anniverary of such date. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock (or cash at the election of Visteon), subject to tax withholding