4//SEC Filing
Clark Gregory S. 4
Accession 0001209191-18-053819
CIK 0000849399other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:32 PM ET
Size
17.7 KB
Accession
0001209191-18-053819
Insider Transaction Report
Form 4
SYMANTEC CORPSYMC
Clark Gregory S.
DirectorCEO
Transactions
- Award
Performance-based Restricted Stock Units
2018-10-01+175,023→ 175,023 total→ Common Stock (175,023 underlying) - Exercise/Conversion
Common Stock
2018-10-01$20.56/sh+2,404,175$49,429,838→ 3,237,323 total - Tax Payment
Common Stock
2018-10-01$20.56/sh−1,191,991$24,507,335→ 2,045,332 total - Exercise/Conversion
Performance-based Restricted Stock Units
2018-10-01−2,404,175→ 0 total→ Common Stock (2,404,175 underlying) - Award
Performance-based Restricted Stock Units
2018-10-01+85,768→ 85,768 total→ Common Stock (85,768 underlying)
Holdings
- 3,665,271
Non-Qualified Stock Options
Exercise: $6.73Exp: 2025-09-09→ Common Stock (3,665,271 underlying) - 1,122,938(indirect: By Trust)
Common Stock
Footnotes (6)
- [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]The shares were originally acquired pursuant to the Restricted Stock Reinvestment Agreement, dated as of June 12, 2016 with Symantec.
- [F3]On July 29, 2016, the Reporting Person was granted PRUs with a target of 961,670 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 2,404,175 shares becoming Grant 1 Eligible Shares for fiscal 2018 and were earned by the Reporting Person. Additionally, 175,023 shares became Grant 1 Eligible Shares for fiscal 2019.
- [F4]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.
- [F5]On June 9, 2017, the Reporting Person was granted PRUs with a target of 339,674 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 85,768 shares becoming Grant 2 Eligible Shares.
- [F6]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 0001529797
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:32 PM ET
- Size
- 17.7 KB