Claudius Sokenu - 01 Jun 2022 Form 4 Insider Report for UNISYS CORP (UIS)

Role
SVP, Gen. Counsel & Secretary
Signature
N. Natasha Redding, attorney-in-fact
Issuer symbol
UIS
Transactions as of
01 Jun 2022
Net transactions value
$0
Form type
4
Filing time
02 Jun 2022, 17:55:35 UTC
Previous filing
09 May 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

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 Award $0 +15,721 $0.000000 15,721 01 Jun 2022 Common Stock 15,721 Direct F1, F2
transaction UIS Restricted Stock Units Award $0 +9,577 $0.000000 9,577 01 Jun 2022 Common Stock 9,577 Direct F3, F4
transaction UIS Restricted Stock Units Award $0 +19,154 $0.000000 19,154 01 Jun 2022 Common Stock 19,154 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 one share of Unisys Corporation common stock.
F2 Time-based restricted stock units ("TB-RSUs") granted on June 1, 2022 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest in three equal installments on June 1, 2023, 2024, and 2025 respectively (or if such date does not fall on a trading day, the immediately preceding trading day).
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 June 1, 2022 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest on June 1, 2025.
F5 Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock.
F6 Performance-based restricted stock units ("PB-RSUs") granted on June 1, 2022 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs vest at a conversion rate of between 0.5 shares to 1 share of Unisys Corporation common stock for each PB-RSU if the 20-trading day trailing average of the closing price of Unisys Corporation's common stock over any 20 consecutive trading days during the period from the grant date through June 1, 2025 is 10% to 20% higher (with the conversion rate determined by linear interpolation for increases between such range) than the average closing price of the common stock over the 20 consecutive trading day period up to and including the grant date. If this test is not met at least at the 10% level, then the PB-RSUs will not vest at all. If this test is met at greater than the 20% level, then the PB-RSUs will vest at the rate of 1 share of common stock for each PB-RSU.