Kenneth Hao - Sep 13, 2022 Form 4 Insider Report for NortonLifeLock Inc. (GEN)

Role
Director
Signature
/s/ Kenneth Y. Hao
Stock symbol
GEN
Transactions as of
Sep 13, 2022
Transactions value $
$20,851
Form type
4
Date filed
9/15/2022, 05:51 PM
Previous filing
Jul 1, 2022
Next filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEN Common Stock Award $0 +5.01K $0.00 5.01K Sep 13, 2022 Direct F1
transaction GEN Common Stock Award $20.9K +960 +19.16% $21.72 5.97K Sep 13, 2022 Direct F2
holding GEN Common Stock 79 Sep 13, 2022 See footnote F3
holding GEN Common Stock 88.1K Sep 13, 2022 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kenneth Hao is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the Reporting Person's service as a non-employee director of the Issuer, pursuant to the non-employee director grant policy, such Reporting Person has been granted restricted stock units. 100% of the restricted stock units vest on the grant date.
F2 Shares issued pursuant to the 2013 Equity Incentive Plan, as amended.
F3 Mr. Hao has an indirect pecuniary interest in these shares of the common stock held in a managed account through a broker-dealer.
F4 These securities are held by Mr. Hao for the benefit of Silver Lake Technology Management, L.L.C., certain of its affiliates and certain of the funds they manage ("Silver Lake"). Mr. Hao formerly served as a director of the Issuer. Pursuant to Mr. Hao's arrangement with Silver Lake with respect to director compensation, upon the sale of these securities, the proceeds from such sale(s) are expected to be remitted to Silver Lake and/or its limited partners. Mr. Hao, through his role at Silver Lake and its affiliates, may be deemed to have an indirect interest in these securities.

Remarks:

This filing shall not be deemed an admission that the Reporting Person is a beneficial owner of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and the Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any.