Kevin J. Harkenrider - Nov 10, 2022 Form 4 Insider Report for VIASAT INC (VSAT)

Signature
Kathleen K. Hollenbeck, Attorney-in-Fact
Stock symbol
VSAT
Transactions as of
Nov 10, 2022
Transactions value $
-$143,412
Form type
4
Date filed
11/14/2022, 05:11 PM
Previous filing
Oct 6, 2022
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSAT $.0001 par value common stock Options Exercise $0 +8.29K $0.00 8.29K Nov 10, 2022 Direct
transaction VSAT $.0001 par value common stock Tax liability -$143K -4.37K -52.67% $32.84 3.93K Nov 10, 2022 Direct F1
transaction VSAT $.0001 par value common stock Gift $0 -3.93K -100% $0.00* 0 Nov 10, 2022 Direct F2
transaction VSAT $.0001 par value common stock Gift $0 +3.93K +18.75% $0.00 24.9K Nov 10, 2022 By Trust
holding VSAT $.0001 par value common stock 3.43K Nov 10, 2022 By 401(k)

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 VSAT restricted stock unit Options Exercise $0 -3.5K -50% $0.00 3.5K Nov 10, 2022 common stock 3.5K $0.00 Direct F3, F4
transaction VSAT restricted stock unit Options Exercise $0 -3.13K -33.33% $0.00 6.25K Nov 10, 2022 common stock 3.13K $0.00 Direct F4, F5
transaction VSAT restricted stock unit Options Exercise $0 -1.67K -25% $0.00 5K Nov 10, 2022 common stock 1.67K $0.00 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This entry represents the number of shares of ViaSat, Inc. common stock withheld by the Issuer to satisfy the tax withholding obligation of the Reporting Person. These shares were not sold by the Reporting Person but were instead offset from the total number of vested shares received by the Reporting Person from the Issuer.
F2 The restricted stock unit was granted to Kevin Harkenrider, an officer of ViaSat, Inc. Upon vesting the shares were contributed to The Kevin and Andrea Harkenrider Trust dated November 11, 2008.
F3 The original deferred restricted stock unit grant was for 14,000 restricted stock units on November 10, 2009. The units vested and converted into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on 12/10/2010; 1/4 on 11/10/2011; 1/4 on 11/10/2012 and 1/4 on 11/10/2013. The Reporting Person elected to defer receipt of the common stock for 10 years after each tranche vesting.
F4 Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
F5 The original deferred restricted stock unit grant was for 12,500 restricted stock units on November 10, 2010. The units vested and converted into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on 12/10/2011; 1/4 on 11/10/2012; 1/4 on 11/10/2013 and 1/4 on 11/10/2014. The Reporting Person elected to defer receipt of the common stock for 10 years after each tranche vesting.
F6 The original deferred restricted stock unit grant was for 6,667 restricted stock units on November 10, 2011. The units vested and converted into shares of common stock (on a 1-for-1 basis) at a rate of 1/4 on 12/10/2012; 1/4 on 11/10/2013; 1/4 on 11/10/2014 and 1/4 on 11/10/2015. The Reporting Person elected to defer receipt of the common stock for 10 years after each tranche vesting.