4//SEC Filing
Noviello Nicholas R 4
Accession 0001209191-18-053833
CIK 0000849399other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:37 PM ET
Size
16.8 KB
Accession
0001209191-18-053833
Insider Transaction Report
Form 4
SYMANTEC CORPSYMC
Noviello Nicholas R
EVP&Chief Integration Officer
Transactions
- Award
Performance-based Restricted Stock Units
2018-10-01+40,025→ 40,025 total→ Common Stock (40,025 underlying) - Exercise/Conversion
Common Stock
2018-10-01$20.56/sh+606,935$12,478,584→ 754,043 total - Tax Payment
Common Stock
2018-10-01$20.56/sh−300,919$6,186,895→ 453,124 total - Exercise/Conversion
Performance-based Restricted Stock Units
2018-10-01−606,935→ 0 total→ Common Stock (606,935 underlying) - Award
Performance-based Restricted Stock Units
2018-10-01+44,184→ 44,184 total→ Common Stock (44,184 underlying)
Holdings
- 1,107,183
Non-Qualified Stock Options
Exercise: $8.35Exp: 2026-01-27→ Common Stock (1,107,183 underlying)
Footnotes (5)
- [F1]Shares withheld by Symantec Corporation ("Symantec") to satisfy tax withholding requirements on vesting of performance-based restricted stock (PRUs). No shares were sold.
- [F2]On July 29, 2016, the Reporting Person was granted PRUs with a target of 242,774 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 606,935 shares becoming Grant 1 Eligible Shares for fiscal 2018 and were earned by the Reporting Person. Additionally, 44,184 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 158,514 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 40,025 shares becoming Grant 2 Eligible Shares.
- [F5]370,445 options were fully vested as of August 1, 2016. The remaining options vest and become 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 0001536584
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:37 PM ET
- Size
- 16.8 KB