4//SEC Filing
Fey Michael David 4
Accession 0001209191-18-053824
CIK 0000849399other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:33 PM ET
Size
16.8 KB
Accession
0001209191-18-053824
Insider Transaction Report
Form 4
SYMANTEC CORPSYMC
Fey Michael David
President and COO
Transactions
- Award
Performance-based Restricted Stock Units
2018-10-01+117,096→ 117,096 total→ Common Stock (117,096 underlying) - Award
Performance-based Restricted Stock Units
2018-10-01+80,050→ 80,050 total→ Common Stock (80,050 underlying) - Exercise/Conversion
Common Stock
2018-10-01$20.56/sh+1,608,480$33,070,349→ 1,895,104 total - Tax Payment
Common Stock
2018-10-01$20.56/sh−682,302$14,028,129→ 1,212,802 total - Exercise/Conversion
Performance-based Restricted Stock Units
2018-10-01−1,608,480→ 0 total→ Common Stock (1,608,480 underlying)
Holdings
- 1,300,813
Non-Qualified Stock Options
Exercise: $6.73Exp: 2025-09-09→ Common Stock (1,300,813 underlying)
Footnotes (5)
- [F1]Shares withheld by Symantec Corporation ("Symantec") to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.
- [F2]On July 29, 2016, the Reporting Person was granted PRUs with a target of 643,392 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2018, 0% to 300% of the target shares will be eligible (the "Grant 1 Eligible Shares") to be earned. 0% to 250% of the Grant 1 Eligible Shares were eligible to be earned at the end of fiscal 2018, subject to certain further adjustments, provided that the Reporting Person is employed by the Issuer through March 30, 2018. The additional up to 50% of the Grant 1 Eligible Shares are eligible to be earned at the end of the fiscal 2019 provided that the Reporting Person is employed by the Issuer on March 29, 2019. The performance criterion was partially satisfied, resulting in 1,608,480 shares becoming Grant 1 Eligible Shares for fiscal 2018 and were earned by the Reporting Person. Additionally, 117,096 shares became Grant 1 Eligible Shares for fiscal 2019.
- [F3]Represents PRUs acquired by the Reporting Person in connection with the merger in which a wholly-owned subsidiary of Symantec was merged with and into Blue Coat, Inc. on August 1, 2016.
- [F4]On June 9, 2017, the Reporting Person was granted PRUs with a target of 317,029 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2018, 0% to 200% of the 50% of the target shares will be eligible ("Grant 2 Eligible Shares") to be earned at the end of fiscal 2020, based on, and subject to further adjustments with respect to the other 50% of the target shares as a result of, the achievement of certain other performance criteria, provided that the Reporting Person is employed by the Issuer through April 3, 2020. The performance criterion for fiscal 2018 was partially satisfied, resulting in 80,050 shares becoming Grant 2 Eligible Shares.
- [F5]The option vests and becomes exercisable in equal monthly installments over a period of two years, beginning August 1, 2016. No transaction is reported. The amount of securities held following the reported transaction is included for information purposes only.
Documents
Issuer
SYMANTEC CORP
CIK 0000849399
Entity typeother
Related Parties
1- filerCIK 0001679815
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:33 PM ET
- Size
- 16.8 KB