Sec Form 4 Filing - Pilette Vincent @ SYMANTEC CORP - 2019-06-10

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
Pilette Vincent
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, CFO
(Last) (First) (Middle)
350 ELLIS STREET
3. Date of Earliest Transaction (MM/DD/YY)
06/10/2019
(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 06/10/2019 A 155,429 ( 1 ) ( 2 ) A $ 0 165,429 D
Common Stock 06/10/2019 A 206,211 ( 3 ) A $ 0 371,640 D
Common Stock 620,477 ( 4 ) I VPJW Revocable Trust
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
Pilette Vincent
350 ELLIS STREET
MOUNTAIN VIEW, CA94043
EVP, CFO
Signatures
/s/ Philip Reuther, as attorney-in-fact for Vincent Pilette 06/12/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted shares of Issuer common stock subject to vesting conditions and other restrictions. As previously disclosed in the Form 8-K filed by the Issuer on May 9, 2019, the Issuer and the Reporting Person entered into an employment offer letter on May 9, 2019 (the "Offer Letter") providing that, among other things, if the Reporting Person purchased shares of the Issuer's common stock on the public market with a fair market value of up to $10,000,000 within sixty days following his start date with the Issuer (or, if later, within 10 days after the Issuer's trading window opens) (the "Stock Purchase"), the Issuer would grant the Reporting Person a restricted stock unit award with an aggregate grant-date value equal to 30% of the value of the Issuer common shares so purchased by the Reporting Person (the "Additional Award"),determined based on the weighed-average price per share of Issuer's common stock acquired pursuant to the Stock Purchase. See footnote 4 for additional information.
( 2 )The restrictions on these shares lapse and the shares vest over three years, with 30% vesting on June 10, 2020, 30% vesting on June 10, 2021, and 40% vesting on June 10, 2022.
( 3 )Represents shares that are issuable pursuant to restricted stock units. 30% vests on June 1, 2020, 30% vests on June 1, 2021 and 40% vestson June 1, 2022.
( 4 )Of these shares, 442,883 shares were purchased in the open market by the Reporting Person on May 14, 2019 and 75,211 shares were purchased in the open market by the reporting person on May 15, 2019 for an aggregate purchase price in excess of $10,000,000 in accordance with the Offer Letter, dated May 9, 2019. These shares are set forth on the Form 3 filed by the Reporting Person on May 24, 2019. As a result of this purchase, the Reporting Person was granted 155,429 restricted shares as disclosed in footnote 1, above. The Issuer and the Reporting Person have mutually agreed that the Additional Award would be granted in the form of restricted shares, rather than restricted stock units, but would otherwise have the same terms as those set forth in the Offer Letter.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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