VISTEON CORP 4
4 · VISTEON CORP · Filed Jun 13, 2016
Insider Transaction Report
Form 4
Fitzgerald Steven S
Vice President
Transactions
- Award
Employee Stock Option (right to buy)
2016-06-09+1,467→ 1,467 totalExercise: $74.40Exp: 2023-06-08→ Common Stock (1,467 underlying) - Award
Restricted Stock Units
2016-06-09+505→ 505 totalExp: 2019-06-09→ Common Stock (505 underlying) - Award
Performance Rights
2016-06-09+809→ 809 totalExp: 2019-01-31→ Common Stock (809 underlying)
Footnotes (3)
- [F1]The option is exercisable to the extent of one third of the shares optioned after one year from the date of grant, two-thirds in two years and in full after three years.
- [F2]Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance rights is based on relative total shareholder return over a three year performance period and payable in stock or cash at the election of Visteon, subject to tax withholding.
- [F3]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.