Gary Stephen May - 06 May 2022 Form 4 Insider Report for Leidos Holdings, Inc. (LDOS)

Reporting relationship: Director
Issuer ticker: LDOS
Reported as of: 06 May 2022
Net transaction value: -$747,024
SEC form: 4
Accepted by SEC: 10 May 2022, 17:00:57 UTC
Prior SEC filing: 18 Feb 2022
Next SEC filing: 09 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Ramune M. Kligys, Attorney-in-Fact

Key filing fact

Gary Stephen May filed Form 4 for Leidos Holdings, Inc. (LDOS) on 10 May 2022.

Key facts

This page summarizes Gary Stephen May's Form 4 filing for Leidos Holdings, Inc. (LDOS).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 10 May 2022, 17:00.

Change

Previous filing in this sequence was filed on 18 Feb 2022.
Current net transaction value: -$747,024.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LDOS transaction

Common Stock

Award

Transaction value: $0
Shares: +1,106
Change %: +13%
Price: $0.000000
Shares after: 9,778
Date: 06 May 2022
Ownership: Direct

LDOS transaction

Common Stock

Options Exercise

Transaction value: $332,767
Shares: +10,523
Change %: +108%
Price: $31.62
Shares after: 20,301
Date: 09 May 2022
Ownership: Direct

LDOS transaction

Common Stock

Tax liability

Transaction value: $332,749
Shares: -3,224
Change %: -16%
Price: $103.21
Shares after: 17,077
Date: 09 May 2022
Ownership: Direct
Footnotes: F1

LDOS transaction

Common Stock

Sale

Transaction value: $747,042
Shares: -7,299
Change %: -43%
Price: $102.35
Shares after: 9,778
Date: 09 May 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LDOS transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +1,784
Change %
Price: $0.000000
Shares after: 1,784
Date: 06 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,784
Exercise price: $104.06
Footnotes: F3

LDOS transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -10,523
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 09 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,523
Exercise price: $31.62
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents shares of common stock withheld by the issuer in connection with the option exercise to cover the exercise price and associated fees.

Footnote F2

The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions from $102.23 to $102.65 inclusive. The reporting person undertakes to providing to Leidos Holdings, Inc., any security holder of Leidos Holdings, Inc., or the staff of the Securities Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.

Footnote F3

The option shall vest and become exercisable in full on the earlier of (i) the first anniversary of the Grant Date, or (ii) the date that the next annual meeting of the stockholders of the Company is concluded.

Footnote F4

This stock option was previously reported as a stock option grant for 7,777 shares of common stock at an exercise price of $42.79 per share. The number of options and the exercise price were subsequently adjusted to reflect a special dividend declared by the issuer in August 2016.