Mark D. Dankberg - Dec 17, 2021 Form 4 Insider Report for VIASAT INC (VSAT)

Role
Executive Chairman, Director
Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Dec 17, 2021
Transactions value $
-$487,357
Form type
4
Date filed
12/20/2021, 06:37 PM
Previous filing
Nov 22, 2021
Next filing
Nov 21, 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 +20.1K $0.00 20.1K Dec 17, 2021 Direct
transaction VSAT $.0001 par value common stock Tax liability -$487K -10.6K -52.65% $46.16 9.49K Dec 17, 2021 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -9.49K -100% $0.00* 0 Dec 17, 2021 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +9.49K +0.6% $0.00 1.59M Dec 17, 2021 By Trust
holding VSAT $.0001 par value common stock 2.52K Dec 17, 2021 By 401(k)

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 Options Exercise $0 -20.1K -25% $0.00 60.2K Dec 17, 2021 common stock 20.1K $0.00 Direct F3, F4
* 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 Mark Dankberg, an officer of Viasat, Inc. Upon vesting the shares were contributed to The Dankberg Family Trust.
F3 The original restricted stock unit grant was for 80,208 units on 11/17/2020. 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.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.