Keven K. Lippert - Nov 17, 2021 Form 4 Insider Report for VIASAT INC (VSAT)

Role: Executive Vice President
Signature: Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol: VSAT
Transactions as of: Nov 17, 2021
Transactions value $: -$203,461
Form type: 4
Date filed: 11/19/2021, 05:54 PM
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	+7.23K	+258.9%	$0.00	10K	Nov 17, 2021	Direct
transaction	VSAT	$.0001 par value common stock	Tax liability	-$203K	-3.81K	-37.99%	$53.43	6.22K	Nov 17, 2021	Direct	F1
holding	VSAT	$.0001 par value common stock						2.32K	Nov 17, 2021	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	Award	$0	+14.3K		$0.00	14.3K	Nov 17, 2021	common stock	14.3K		Direct	F3, F4, F5
transaction	VSAT	restricted stock unit	Options Exercise	$0	-3.75K	-100%	$0.00^*	0	Nov 17, 2021	common stock	3.75K	$0.00	Direct	F5, F6
transaction	VSAT	restricted stock unit	Options Exercise	$0	-3.48K	-33.34%	$0.00	6.96K	Nov 17, 2021	common stock	3.48K	$0.00	Direct	F5, F7

* 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 219 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	Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
F4	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.
F5	Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F6	The original restricted stock unit grant was for 15,000 restricted stock units on 11/17/2017. 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.
F7	The original deferred restricted stock unit grant was for 13,922 restricted stock 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 of the Issuer 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.