VISTEON CORP 4
4 · VISTEON CORP · Filed Mar 28, 2016
Insider Transaction Report
Form 4
Robertson William M
Vice President
Transactions
- Exercise/Conversion
Common Stock
2016-03-27+261→ 414 total - Tax Payment
Common Stock
2016-03-27$78.96/sh−83$6,554→ 331 total - Exercise/Conversion
Restricted Stock Units
2016-03-27−261→ 261 totalExp: 2017-03-27→ Common Stock (261 underlying)
Holdings
- 1,300(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 27, 2016 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 March 24, 2016, the next preceding trading day.
- [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 March 24, 2016, the next preceding trading day.
- [F3]These shares are owned by a parent of the reporting person and subject to a power of attorney that allows the reporting person to dispose of such shares.
- [F4]Restricted Stock Units vest to the extent of 33% of the units granted each year following the first annivesary of the date of grant until the third anniverary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in cash or stock at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.