Patrick E. Kelliher - 01 Mar 2022 Form 4 Insider Report for Vivint Smart Home, Inc.

Role
Chief Accounting Officer
Signature
/s/ Dale R. Gerard, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$149,625
Form type
4
Filing time
03 Mar 2022, 20:53:38 UTC
Previous filing
13 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VVNT Class A Common Stock Options Exercise +30,732 +22% 167,919 01 Mar 2022 Direct F1, F6
transaction VVNT Class A Common Stock Options Exercise +28,536 +17% 196,455 01 Mar 2022 Direct F2, F6
transaction VVNT Class A Common Stock Options Exercise +4,315 +2.2% 200,770 01 Mar 2022 Direct F3, F6
transaction VVNT Class A Common Stock Award +4,315 +2.1% 205,085 01 Mar 2022 Direct F4, F6
transaction VVNT Class A Common Stock Tax liability $149,625 -19,897 -9.7% $7.52 185,188 01 Mar 2022 Direct F5
holding VVNT Class A Common Stock 17,831 01 Mar 2022 See Footnote F8

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 VVNT Restricted Stock Units Options Exercise $0 -30,732 -100% $0.000000* 0 01 Mar 2022 Class A Common Stock 30,732 Direct F1, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -28,536 -33% $0.000000 57,073 01 Mar 2022 Class A Common Stock 28,536 Direct F2, F6
transaction VVNT Restricted Stock Units Options Exercise $0 -4,315 -25% $0.000000 12,945 01 Mar 2022 Class A Common Stock 4,315 Direct F3, F6
transaction VVNT Restricted Stock Units Award $0 +12,945 $0.000000 12,945 01 Mar 2022 Class A Common Stock 12,945 Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2021. Of the performance-based restricted stock units deemed acquired on March 1, 2021, 50% vested immediately and the remaining 50% vested on March 1, 2022.
F2 Reflects restricted stock units that upon the vesting and then settlement converted into shares of Class A common stock of the Issuer ("Class A Common Stock") on a one-for-one basis. Reflects an initial grant of 114,146 restricted stock units that vest in four equal annual installments beginning on January 17, 2021.
F3 Reflects a grant of restricted stock units that vest in four equal annual installments beginning on March 1, 2022.
F4 Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2022.
F5 Reflects shares of Class A Common Stock withheld to cover the Reporting Person's tax liability in connection with the vesting and settlement of the restricted stock units and performance-based restricted stock units described herein.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash.
F7 Reflects performance-based restricted stock units previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Of the performance-based restricted stock units deemed acquired on March 1, 2022, 25% vested immediately and the remaining 75% vest in three equal annual installments beginning on March 1, 2023. Therefore, upon certification of the award, the Reporting Person received 4,315 shares of Class A Common Stock and 12,945 restricted stock units that vest in three equal annual installments beginning on March 1, 2023.
F8 Reflects securities held by a trust for the benefit of the Reporting Person's family.

Remarks:

Exhibit 24 - Power of Attorney