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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Option (right to buy) | $ 24.32 | 02/22/2011 | M | 48,900 | 02/22/2011(6) | 02/22/2017 | Common Stock | 48,900 | $ 0 | 146,700 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MCLAUGHLIN MARK D 21355 RIDGETOP CIRCLE DULLES, VA 20166 |
X | CEO and President |
By: Luci Altman, as attorney-in-fact For: Mark D. McLaughlin | 02/24/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock units. |
(2) | The transactions reported on this Form 4 were executed under the Reporting Person's Rule 10b5-1 Plan. |
(3) | On February 22, 2011, the Reporting Person sold shares of common stock of VeriSign, Inc. at prices ranging from $35.7800 to $36.4200 per share. The Reporting Person undertakes to provide upon request by the staff of the U.S. Securities and Exchange Commision, VeriSign, Inc., or a security holder of VeriSign, Inc. full information regarding the number of shares sold at each separate price. |
(4) | On February 23, 2011, Reporting Person was awarded restricted stock units (RSUs). Each RSU represents a contingent right to receive one (1) share of VeriSign common stock once vested. Twenty-five percent (25%) of the grant vests on the first anniversary of the date of grant and thereafter as to twenty-five percent (25%) of the granted RSU on each subsequent annual anniversary date of the date of grant, subject to necessary withholding for applicable taxes. |
(5) | On February 23, 2011, the Reporting Person sold shares of common stock of VeriSign, Inc. at prices ranging from $34.8800 to $35.0900 per share. The Reporting Person undertakes to provide upon request by the staff of the U.S. Securities and Exchange Commision, VeriSign, Inc., or a security holder of VeriSign, Inc. full information regarding the number of shares sold at each separate price. |
(6) | Twenty-five percent (25%) of the total options granted vest and become exercisable on the first anniversary of the date of grant and thereafter with respect to 6.25% of the shares each quarterly anniversary of the date of grant until fully vested. |