SYMANTEC CORP 4
4 · SYMANTEC CORP · Filed May 11, 2016
Insider Transaction Report
Form 4
SYMANTEC CORPSYMC
BROWN MICHAEL A/CA
Director
Transactions
- Award
Performance-based Restricted Stock Units
2016-05-09+136,187→ 136,187 total→ Common Stock (136,187 underlying) - Award
Performance-based Restricted Stock Units
2016-05-09+94,880→ 264,308 total→ Common Stock (94,880 underlying)
Footnotes (2)
- [F1]Represents performance-based restricted stock units (PRUs) originally reported by the reporting person in a Form 4 filed with the Commission on May 13, 2015.
- [F2]On June 10, 2015, the Reporting Person was granted PRUs with a target of 335,436 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2016, 0% to 133% of the target shares will be eligible (the "Eligible Shares") to be earned at the end of fiscal 2017 and 2018, based on, and subject to further adjustments as a result of, the achievement of certain other performance criteria (but in no event will the Reporting Person earn less than 50% of the Eligible Shares), provided that the Reporting Person is employed by the Issuer through March 30, 2018. The performance criterion for fiscal 2016 was partially satisfied, resulting in 136,187 shares becoming Eligible Shares.