Filing Details
- Accession Number:
- 0001209191-17-018879
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-03-07 17:21:20
- Reporting Period:
- 2017-03-03
- Filing Date:
- 2017-03-07
- Accepted Time:
- 2017-03-07 17:21:20
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1111335 | Visteon Corp | VC | Motor Vehicle Parts & Accessories (3714) | 383519512 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1676719 | R Robert Vallance | Visteon Corporation One Village Center Drive Van Buren Township MI 48111 | Senior Vice President | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2017-03-04 | 416 | $0.00 | 3,560 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-03-04 | 154 | $94.77 | 3,406 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2017-03-05 | 260 | $0.00 | 3,666 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-03-05 | 96 | $94.77 | 3,570 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2017-03-06 | 1,431 | $59.59 | 5,001 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2017-03-06 | 1,431 | $94.50 | 3,570 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2017-03-06 | 590 | $94.49 | 2,980 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (right to buy) | Acquisiton | 2017-03-03 | 3,275 | $0.00 | 3,275 | $94.77 |
| Common Stock | Performance Rights | Acquisiton | 2017-03-03 | 1,568 | $0.00 | 1,568 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2017-03-03 | 941 | $0.00 | 941 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2017-03-04 | 416 | $0.00 | 416 | $0.00 |
| Common Stock | Restricted Stock | Disposition | 2017-03-05 | 260 | $0.00 | 260 | $0.00 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2017-03-06 | 1,431 | $0.00 | 1,431 | $59.59 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,275 | 2024-03-02 | No | 4 | A | Direct | |
| 1,568 | 2020-01-31 | No | 4 | A | Direct | |
| 941 | 2020-03-03 | No | 4 | A | Direct | |
| 834 | 2019-03-04 | No | 4 | M | Direct | |
| 261 | 2018-03-05 | No | 4 | M | Direct | |
| 716 | 2022-03-04 | No | 4 | M | Direct |
Footnotes
- Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 4, 2017 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 3, 2017, the next preceding trading day.
- These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of March 3, 2017, the next preceding trading day.
- Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 5, 2017 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 3, 2017, the next preceding trading day.
- The option is exercisable to the extent of one third of the shares optioned after one year from the date of grant, two-thirds in two years and in full after three years.
- 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 or cash at the election of Visteon, subject to tax withholding.
- 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 cash or stock at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.
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