Sec Form 4 Filing - St. John Adam @ Verso Corp - 2020-01-01

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
St. John Adam
2. Issuer Name and Ticker or Trading Symbol
Verso Corp [ VRS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
8540 GANDER CREEK DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
01/01/2020
(Street)
MIAMISBURG, OH45342
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
Class A Common Stock 01/01/2020 F( 1 ) 7,883 D $ 18.03 71,934 ( 2 ) D
Class A Common Stock 01/01/2020 F( 3 ) 2,194 D $ 18.03 17,677 ( 4 ) I By Spouse
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
St. John Adam
8540 GANDER CREEK DRIVE
MIAMISBURG, OH45342
X CEO
Signatures
/s/ St. John Daugherty, as Attorney-in-Fact 01/03/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person surrendered to Verso Corporation ("Verso") 7,883 shares of common stock to satisfy applicable tax withholding liability arising from the vesting of 26,960 stock units.
( 2 )Consists of (i) 24,203 shares of common stock, (ii) 21,187 stock units vesting on January 1, 2021, (iii) 14,819 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, (iv) 7,957 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, and (v) 3,768 stock units vesting in two substantially equal installments beginning on January 1, 2021. Each stock unit represents the right, subject to vesting, to receive one share of common stock.
( 3 )Mr. St. John's spouse surrendered to Verso 2,194 shares of common stock to satisfy applicable tax withholding liability arising from the vesting of 6,167 stock units.
( 4 )Consists of (i) 6,076 shares of common stock, (ii) 5,551 stock units vesting on January 1, 2021, (iii) 3,882 stock units vesting in two substantially equal annual installments beginning on January 1, 2021 and (iv) 2,168 stock units vesting in two substantially equal annual installments beginning on January 1, 2021. Each stock unit represents the right, subject to vesting, to receive one share of common stock.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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