Statement of Changes in Beneficial Ownership (4)
November 19 2019 - 5:25PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Agnew Marc Henry |
2. Issuer Name and Ticker or Trading Symbol
VIASAT INC
[
VSAT
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP Commercial Networks |
(Last)
(First)
(Middle)
6155 EL CAMINO REAL |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/15/2019 |
(Street)
CARLSBAD, CA 92009
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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$.0001 par value common stock | 11/17/2019 | | M | | 2075 | A | $0.00 | 5420 | D | |
$.0001 par value common stock | 11/18/2019 | | F(1) | | 1094 | D | $74.00 | 4326 | D | |
$.001 par value common stock | 11/18/2019 | | G(2) | | 981 | D | $0.00 | 3345 | D | |
$.0001 par value common stock | 11/18/2019 | | G | | 981 | A | $0.00 | 98332 | I | By Trust |
$.0001 par value common stock | | | | | | | | 342 (3) | I | By 401(k) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
restricted stock unit | (4) | 11/15/2019 | | A | | 10442 | | (5) | (6) | common stock | 10442 | $0.00 | 10442 | D | |
restricted stock unit | $0.00 | 11/17/2019 | | M | | | 625 | (7) | (6) | common stock | 625 | $0.00 | 0 | D | |
restricted stock unit | $0.00 | 11/17/2019 | | M | | | 750 | (8) | (6) | common stock | 750 | $0.00 | 750 | D | |
restricted stock unit | $0.00 | 11/17/2019 | | M | | | 700 | (9) | (6) | common stock | 700 | $0.00 | 1400 | D | |
Explanation of Responses: |
(1) | This entry represents the number of shares of Viasat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer. |
(2) | The restricted stock unit was granted to Marc Agnew, an employee of Viasat, Inc. Upon vesting the shares were contributed to The Agnew Family Trust. |
(3) | Includes 153 shares of common stock the reporting person acquired under the Viasat 401(k)Plan, since the date of the reporting person's last ownership report. |
(4) | Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock. |
(5) | Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on 12/17/2020; 1/4 on 11/17/2021; 1/4 on 11/17/2022 and 1/4 on 11/17/2023. |
(6) | Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer. |
(7) | The original restricted stock unit grant was for 2,500 restricted stock units on 11/17/2015. Subject to the reporting persons's continued employment with the Issuer, the units vest and convert into shares of common stock (on a 1-for-1 basis) in four (4) equal annual installments beginning on 11/17/2016. |
(8) | The original restricted stock unit grant was for 3,000 restricted stock units on 11/17/2016. Subject to the reporting persons's continued employment with the Issuer, the units vest and convert into shares of common stock (on a 1-for-1 basis) in four (4) equal annual installments beginning on 11/17/2017. |
(9) | The original restricted stock unit grant was for 2,800 restricted stock units on 11/17/2017. Subject to the reporting persons's continued employment with the Issuer, the units vest and convert into shares of common stock (on a 1-for-1 basis) in four (4) equal annual installments beginning on 11/17/2018. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Agnew Marc Henry 6155 EL CAMINO REAL CARLSBAD, CA 92009 |
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| VP Commercial Networks |
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Signatures
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Kathleen K. Hollenbeck, under power of attorney | | 11/19/2019 |
**Signature of Reporting Person | Date |
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