Peter Altabef - Feb 28, 2023 Form 4 Insider Report for UNISYS CORP (UIS)

Role
CEO, Director
Signature
Natasha Redding, attorney-in-fact
Stock symbol
UIS
Transactions as of
Feb 28, 2023
Transactions value $
-$80,875
Form type
4
Date filed
3/2/2023, 06:40 PM
Previous filing
Feb 28, 2023
Next filing
May 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UIS Common Stock Options Exercise $0 +11.2K +1.23% $0.00 922K Feb 28, 2023 Direct
transaction UIS Common Stock Tax liability -$22K -4.41K -0.48% $4.98 918K Feb 28, 2023 Direct
transaction UIS Common Stock Options Exercise $0 +30.1K +3.27% $0.00 948K Feb 28, 2023 Direct
transaction UIS Common Stock Tax liability -$58.9K -11.8K -1.25% $4.98 936K Feb 28, 2023 Direct

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 UIS Restricted Stock Units Options Exercise $0 -11.2K -100% $0.00* 0 Feb 28, 2023 Common Stock 11.2K Direct F1, F2
transaction UIS Restricted Stock Units Options Exercise $0 -30.1K -100% $0.00* 0 Feb 28, 2023 Common Stock 30.1K Direct F3, F4
transaction UIS Restricted Stock Units Award $0 +209K $0.00 209K Feb 28, 2023 Common Stock 209K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive 0.3728 shares of Unisys Corporation common stock.
F2 Performance-based restricted stock units ("PB-RSUs") granted on February 28, 2020 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are eligible to be earned in equal annual amounts over a three year period based on Unisys Corporation's relative total shareholder return compared to the Russell 2000 Index from January 1, 2020 through December 31, 2020, 2021 and 2022, respectively, and then such PB-RSUs vest on the later of February 28, 2021, 2022 and 2023, respectively (or is such date does not fall on a trading day, the immediately preceding trading day), and the date on which the Board of Directors verifies the vesting of the applicable tranche of the PB-RSU grant to Unisys Corporation's Chief Executive Officer. This report only relates to the PB-RSUs the reporting person earned during the 2022 performance period. All shares resulting from such earned PB-RSUs vested on February 28, 2023.
F3 Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
F4 Time-based restricted stock units ("TB-RSUs") granted on February 28, 2020 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest in three equal installments on February 28, 2021, 2022 and 2023, respectively (or is such date does not fall on a trading day, the immediately preceding trading day).
F5 Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
F6 Time-based restricted stock units ("TB-RSUs") granted on February 28, 2023 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest in three equal installments on February 28, 2024, 2025 and 2026, respectively (or if such date does not fall on a trading day, the immediately preceding trading day).