Sec Form 4 Filing - Blair Robert James @ VIASAT INC - 2023-10-09

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Blair Robert James
2. Issuer Name and Ticker or Trading Symbol
VIASAT INC [ VSAT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior VP, Secretary
(Last) (First) (Middle)
6155 EL CAMINO REAL
3. Date of Earliest Transaction (MM/DD/YY)
10/09/2023
(Street)
CARLSBAD, CA92009
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
$.0001 par value common stock 11/17/2023 M 9,828 A $ 0 51,124 ( 1 ) D
$.0001 par value common stock 11/17/2023 F( 2 ) 3,400 D $ 19.52 47,724 D
$.0001 par value common stock 1,551 ( 3 ) I By 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
employee stock option (right to buy) $ 15.96 10/09/2023 A 50,000 ( 4 ) ( 4 ) 10/09/2029 common stock 50,000 ( 4 ) $ 0 50,000 ( 4 ) D
restricted stock unit $ 0 11/17/2023 M 2,610 ( 5 ) ( 6 ) common stock 2,610 $ 0 0 D
restricted stock unit $ 0 11/17/2023 M 3,899 ( 7 ) ( 6 ) common stock 3,899 $ 0 3,899 D
restricted stock unit $ 0 11/17/2023 M 3,319 ( 8 ) ( 6 ) common stock 3,319 $ 0 6,637 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Blair Robert James
6155 EL CAMINO REAL
CARLSBAD, CA92009
Senior VP, Secretary
Signatures
Stacy Nguyen, Attorney-in-Fact 11/21/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 595 shares purchased under the Viasat Employee Stock Purchase Plan on 01/31/2023 and 419 shares purchased on 07/31/2023.
( 2 )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.
( 3 )Includes 234 shares of common stock the reporting person acquired under the Viasat 401(k)Plan, since the date of the reporting person's last ownership report.
( 4 )The option becomes exercisable, if at all, based on both time-based vesting (in three increments equal to 33% of the total shares on each of the first three anniversary dates of the grant date) and performance-based vesting (if the average daily closing price of Viasat's common stock over any 45-day period during the three year period following the grant date exceeds certain stock price hurdles of $30.00 or above).
( 5 )The original restricted stock unit grant was for 10,442 restricted stock units on 11/15/2019. Subject to the Reporting Person's election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
( 6 )Until vested, the restricted stock unit shall be subject to forfeiture in the event of termination of employment or service with the Issuer.
( 7 )The original restricted stock unit grant was for 15,597 restricted stock units on 11/17/2020. Subject to the Reporting Person's election to defer the receipt of the common stock, the units vest and convert into shares of common stock (on a 1-for-1 basis) at the rate of 1/4 on the 13th month anniversary of the grant date; 1/4 on the second anniversary of the grant date; 1/4 on the third anniversary and 1/4 on the fourth anniversary of the grant date.
( 8 )The original restricted stock unit grant was for 13,809 restricted stock units on 11/17/2021. Subject to the Reporting Person's election to defer the receipt of common stock, the units vest and convert into shares of common stock of the Issuer over a four year period commencing on 12/17/2022 and ending on 11/17/2025.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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