Statement of Changes in Beneficial Ownership (4)
December 23 2019 - 1:01PM
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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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
*
BALDRIDGE RICHARD A |
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)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Operating Officer |
(Last)
(First)
(Middle)
6155 EL CAMINO REAL |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/19/2019 |
(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 | 12/19/2019 | | M | | 6250 | A | $0.00 | 6250 | D | |
$.0001 par value common stock | 12/19/2019 | | F(1) | | 3291 | D | $72.04 | 2959 | D | |
$.0001 par value common stock | 12/19/2019 | | G(2) | | 2959 | D | $0.00 | 0 | D | |
$.0001 par value common stock | 12/19/2019 | | G | | 2959 | A | $0.00 | 119154 | I | By Trust |
$.0001 par value common stock | | | | | | | | 2592 | 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 | $0.00 | 12/19/2019 | | M | | | 6250 | (3) | (4) | common stock | 6250 | $0.00 | 18750 | 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 Richard Baldridge, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust. |
(3) | The original deferred restricted stock unit grant was for 25,000 restricted stock units on 11/19/2018. Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock of the Issuer at a rate of 1/4 on the 13th month anniversary of the grant date; 1/4th on the second anniversary of the grant date; 1/4th on the third anniversary of the grant date and 1/4 on the fourth anniversary of the grant date. |
(4) | Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
BALDRIDGE RICHARD A 6155 EL CAMINO REAL CARLSBAD, CA 92009 | X |
| Chief Operating Officer |
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Signatures
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Kathleen K. Hollenbeck, under power of attorney | | 12/20/2019 |
**Signature of Reporting Person | Date |
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