Statement of Changes in Beneficial Ownership (4)
March 17 2020 - 4:50PM
Edgar (US Regulatory)
FORM 4
[X]
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
*
Bilolikar Sunil K |
2. Issuer Name and Ticker or Trading Symbol
VISTEON CORP
[
VC
]
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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) Senior Vice President |
(Last)
(First)
(Middle)
VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/13/2020 |
(Street)
VAN BUREN TOWNSHIP, MI 48111
(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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Common Stock | | | | | | | | 3785 | D | |
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 Units | (1) | 3/13/2020 | | D (2) | | | 729 | (1) | 3/7/2022 | Common Stock | 729 | $0.00 | 7 | D | |
Restricted Stock Units | (1) | 3/13/2020 | | D (2) | | | 237 | (1) | 3/1/2021 | Common Stock | 237 | $0.00 | 8 | D | |
Restricted Stock Units | (3) | 3/13/2020 | | D (2) | | | 1440 | 4/20/2021 | 4/20/2021 | Common Stock | 1440 | $0.00 | 3782 | D | |
Performance Stock Units | (4) | 3/13/2020 | | D (5) | | | 212 | 1/31/2021 | 1/31/2021 | Common Stock | 212 | $0.00 | 1178 | D | |
Performance Stock Units | (4) | 3/13/2020 | | D (5) | | | 691 | 1/31/2022 | 1/31/2022 | Common Stock | 691 | $0.00 | 896 | D | |
Explanation of Responses: |
(1) | Restricted Stock Units vest to the extent of 33% of the units granted each year following the first annivesary of the date of grant until the third anniverary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding. |
(2) | These restricted stock units were forfeited in connection with Mr. Bilolikar's departure from the Company. |
(3) | Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding. |
(4) | Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance rights is based on relative total shareholder return over a three year performance period and payable in stock subject to tax withholding. |
(5) | These performance rights were forfeited in connection with Mr. Bilolikar's departure from the Company. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bilolikar Sunil K VISTEON CORPORATION ONE VILLAGE CENTER DRIVE VAN BUREN TOWNSHIP, MI 48111 |
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| Senior Vice President |
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Signatures
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Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Sunil K. Bilolikar | | 3/17/2020 |
**Signature of Reporting Person | Date |
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