Benjamin Edward Palmer - 07 Sep 2023 Form 3 Insider Report for VIASAT INC (VSAT)

Role
President, Maritime
Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Issuer symbol
VSAT
Transactions as of
07 Sep 2023
Net transactions value
$0
Form type
3
Filing time
15 Sep 2023, 16:49:56 UTC
Next filing
21 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VSAT $.0001 par value common stock 17,581 07 Sep 2023 By Ogier Global Trustee (Jersey), Limited 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
holding VSAT restricted stock units 07 Sep 2023 common stock 20,000 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares issued in exchange for the sale of shares of Connect Topco Limited ("Inmarsat") pursuant to that certain Share Purchase Agreement, dated as of November 8, 2021, by and among the Issuer, the former shareholders of Inmarsat and certain management and employees of Inmarsat who held options and shares of a subsidiary of Inmarsat that were exchanged for shares of Inmarsat prior to closing, in connection with the acquisition by the Issuer of Inmarsat on May 30, 2023. These shares are held subject to a nominee arrangement under which legal title to the shares is required to be held by Ogier Global Trustee (Jersey), Limited until May 30, 2024, with legal title to the shares required to be transferred to the Reporting Person thereafter.
F2 The original award was for 20,000 restricted stock units on 08/17/2023. 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 08/17/2024.
F3 Until vested, the restricted stock units shall be subject to forfeiture in the event of termination of employment with the Issuer.

Remarks:

Exhibit 24: Power of Attorney attached herewith.