Krishna Nathan - Nov 17, 2021 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Chief Information Officer
Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Nov 17, 2021
Transactions value $
-$21,693
Form type
4
Date filed
11/19/2021, 06:05 PM
Previous filing
Aug 18, 2021
Next filing
Jun 27, 2022

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 +5.08K +33.87% $0.00 20.1K Nov 17, 2021 Direct
transaction VSAT $.0001 par value common stock Tax liability -$21.7K -406 -2.02% $53.43 19.7K Nov 17, 2021 Direct F1

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 +15K $0.00 15K Nov 17, 2021 common stock 15K Direct F2, F3, F4
transaction VSAT restricted stock unit Options Exercise $0 -5.08K -25% $0.00 15.2K Nov 17, 2021 common stock 5.08K $0.00 Direct F4, F5
* 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 Each restricted stock unit represents a contingent right to receive one share of Viasat, Inc. common stock.
F3 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.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F5 The original award was for 20,320 restricted stock units on 11/17/2020. Subject to the Reporting Person's continued employment with the Issuer, the units vest and convert into shares of common stock of the Issuer (on a 1-for-1 basis) in four (4) equal annual installments beginning on 11/17/2021.