Sec Form 4 Filing - TAYLOR SCOTT C @ SYMANTEC CORP - 2018-10-01

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
TAYLOR SCOTT C
2. Issuer Name and Ticker or Trading Symbol
SYMANTEC CORP [ SYMC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Gen. Counsel & Secretary
(Last) (First) (Middle)
350 ELLIS STREET
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2018
(Street)
MOUNTAIN VIEW, CA94043
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
Common Stock 10/01/2018 M 490,802 A $ 20.56 652,683 D
Common Stock 10/01/2018 F 243,341 ( 1 ) D $ 20.56 409,342 D
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
Performance-based Restricted Stock Units ( 2 ) 10/01/2018 M 76,515 ( 2 ) ( 2 ) Common Stock 76,515 $ 0 0 ( 2 ) D
Performance-based Restricted Stock Units ( 3 ) 10/01/2018 M 414,287 ( 3 ) ( 3 ) Common Stock 414,287 $ 0 0 ( 3 ) D
Performance-based Restricted Stock Units ( 3 ) 10/01/2018 A 30,160 ( 3 ) ( 3 ) Common Stock 30,160 $ 0 30,160 ( 3 ) D
Performance-based Restricted Stock Units ( 4 ) 10/01/2018 A 25,730 ( 4 ) ( 4 ) Common Stock 25,730 $ 0 25,730 ( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TAYLOR SCOTT C
350 ELLIS STREET
MOUNTAIN VIEW, CA94043
EVP, Gen. Counsel & Secretary
Signatures
/s/ Philip Reuther, as attorney-in-fact for Scott C. Taylor 10/03/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares withheld by Symantec Corporation ("Symantec") to satisfy tax withholding requirements on vesting of performance-based restricted stock units (PRUs). No shares were sold.
( 2 )Represents performance-based restricted stock units (PRUs) originally reported by the reporting person in a Form 4 filed with the Commission onMay 11, 2016.
( 3 )On June 10, 2016, the Reporting Person was granted PRUs with a target of 165,715 shares. The PRU provides that, depending on the Issuer'sachievement of the performance criterion for fiscal 2018, 0% to 300% of the target shares will be eligible (the "Grant 1 Eligible Shares")to be earned. 0% to 250% of the Grant 1 Eligible Shares were eligible to be earned at the end of fiscal 2018, subject to certain further adjustments, provided that the Reporting Person is employed by the Issuer through March 30, 2018. The additional up to 50% of the Grant 1 Eligible Shares are eligible to be earned at the end of the fiscal 2019 provided that the Reporting Person is employed by the Issuer on March 29, 2019. The performance criterion was partially satisfied, resulting in 414,287 shares becoming Grant 1 Eligible Shares for fiscal 2018 and were earned by the Reporting Person. Additionally, 30,160 shares became Grant 1 Eligible Shares for fiscal 2019.
( 4 )On June 9, 2017, the Reporting Person was granted PRUs with a target of 101,902 shares. The PRU provides that, depending on the Issuer's achievement of the performance criterion for fiscal 2018, 0% to 200% of the 50% of the target shares will be eligible ("Grant 2 Eligible Shares") to be earned at the end of fiscal 2020, based on, and subject to further adjustments with respect to the other 50% of the target shares as a result of, the achievement of certain other performance criteria, provided that the Reporting Person is employed by the Issuer through April 3, 2020. The performance criterion for fiscal 2018 was partially satisfied, resulting in 25,730 shares becoming Grant 2 Eligible Shares.

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