James Michael Dodd - 07 Jun 2022 Form 4 Insider Report for VIASAT INC (VSAT)

Role
President, Global Mobile
Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Issuer symbol
VSAT
Transactions as of
07 Jun 2022
Net transactions value
-$60,874
Form type
4
Filing time
08 Jun 2022, 20:07:04 UTC
Previous filing
20 Dec 2021
Next filing
21 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSAT $.0001 par value common stock Options Exercise $0 +6,610 +79% $0.000000 14,981 07 Jun 2022 Direct
transaction VSAT $.0001 par value common stock Tax liability $60,874 -1,610 -11% $37.81 13,371 07 Jun 2022 Direct F1
holding VSAT $.0001 par value common stock 659 07 Jun 2022 By 401(k) F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VSAT restricted stock unit Options Exercise $0 -6,610 -33% $0.000000 13,218 07 Jun 2022 common stock 6,610 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Includes 346 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.
F3 The original restricted stock unit grant was for 26,438 restricted stock units on 06/07/2020. Subject to the reporting persons election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1 for 1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.