Richard A. Baldridge - Nov 17, 2021 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Chief Executive Officer, Director
Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Nov 17, 2021
Transactions value $
-$627,856
Form type
4
Date filed
11/19/2021, 05:09 PM
Previous filing
May 11, 2021
Next filing
Nov 22, 2021

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 +22.3K $0.00 22.3K Nov 17, 2021 Direct
transaction VSAT $.0001 par value common stock Tax liability -$628K -11.8K -52.65% $53.43 10.6K Nov 17, 2021 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -10.6K -100% $0.00* 0 Nov 17, 2021 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +10.6K +6.43% $0.00 175K Nov 17, 2021 By Trust
holding VSAT $.0001 par value common stock 3K Nov 17, 2021 By 401(k) F3

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 unti Award $0 +87.5K $0.00 87.5K Nov 17, 2021 common stock 87.5K Direct F4, F5, F6
transaction VSAT restricted stock unit Options Exercise $0 -9.38K -100% $0.00* 0 Nov 17, 2021 common stock 9.38K $0.00 Direct F6, F7
transaction VSAT restricted stock unit Options Exercise $0 -12.9K -33.33% $0.00 25.9K Nov 17, 2021 common stock 12.9K $0.00 Direct F6, F8
* 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 The restricted stock unit was granted to Richard A. Baldridge, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Baldridge Family Trust.
F3 Includes 184 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
F5 Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock over a four year period commencing on 12/17/2022 and ending on 11/17/2025.
F6 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F7 The original restricted stock unit grant was for 37,500 units on 11/17/2017. Subject to the reporting person's election to defer the receipt of common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) 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.
F8 The original restricted stock unit grant was for 51,722 units on 11/15/2019. Subject to the reporting person's election to defer the receipt of common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) 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.