4//SEC Filing
Kapuria Samir 4
Accession 0001209191-20-033556
CIK 0000849399other
Filed
Jun 1, 8:00 PM ET
Accepted
Jun 2, 4:36 PM ET
Size
14.9 KB
Accession
0001209191-20-033556
Insider Transaction Report
Form 4
Kapuria Samir
EVP, Cyber Security Services
Transactions
- Exercise/Conversion
Performance-based Restricted Stock Units
2020-06-01−13,914→ 0 total→ Common Stock (13,914 underlying) - Exercise/Conversion
Common Stock
2020-06-01$21.71/sh+58,954$1,279,891→ 350,435 total - Tax Payment
Common Stock
2020-06-01$21.71/sh−19,239$417,679→ 331,196 total - Award
Performance-based Restricted Stock Units
2020-06-01+7,624→ 13,914 total→ Common Stock (7,624 underlying) - Exercise/Conversion
Performance-based Restricted Stock Units
2020-06-01−45,040→ 0 total→ Common Stock (45,040 underlying)
Footnotes (3)
- [F1]Shares withheld by NortonLifeLock to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.
- [F2]On June 9, 2017, the Reporting Person was granted PRUs with a target of 24,909 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 1 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 ("Grant 2 Eligible 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 6,290 shares becoming Grant 1 Eligible Shares and were earned by the Reporting Person. The performance criterion for fiscal 2020 was partially satisfied resulting in an additional 7,624 shares becoming Grant 2 Eligible Shares, giving a total of 13,914 shares earned by the Reporting Person.
- [F3]On July 10, 2018, the Reporting Person was granted PRUs with a target of 238,242 shares. The PRU provides that, depending on the Issuer's achievement of the performance criteria for fiscal 2019, 0% to 200% of the target shares will be eligible to be earned at the end of fiscal 2019 (the "Grant 1 Eligible Shares"), subject to certain further adjustments, provided that the Reporting Person is employed by the Issuer through March 29, 2019 and April 3, 2020, as described herein. The performance criterion was satisfied, resulting in 112,606 shares becoming Grant 1 Eligible Shares for fiscal 2019. 67,566 vested on March 29, 2019. Additionally, 45,040 shares vested on April 3, 2020. Prior Form 4 incorrectly reported 90,086 shares would vest on April 3, 2020.
Documents
Issuer
NortonLifeLock Inc.
CIK 0000849399
Entity typeother
Related Parties
1- filerCIK 0001737331
Filing Metadata
- Form type
- 4
- Filed
- Jun 1, 8:00 PM ET
- Accepted
- Jun 2, 4:36 PM ET
- Size
- 14.9 KB