Filing Details
- Accession Number:
- 0000023082-17-000052
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-04-05 06:18:40
- Reporting Period:
- 2017-04-01
- Filing Date:
- 2017-04-05
- Accepted Time:
- 2017-04-05 06:18:40
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
23082 | Computer Sciences Corp | CSC | Services-Computer Integrated Systems Design (7373) | 952043126 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1585006 | R James Smith | 1775 Tysons Boulevard Tysons VA 22102 | Exec Vp & Gm Gbs | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2017-04-01 | 35,399 | $0.00 | 0 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Options (rights to buy) | Disposition | 2017-04-01 | 6,943 | $0.00 | 6,943 | $27.32 |
Common Stock | Options (rights to buy) | Disposition | 2017-04-01 | 51,619 | $0.00 | 51,619 | $30.73 |
Common Stock | Options (rights to buy) | Disposition | 2017-04-01 | 89,965 | $0.00 | 89,965 | $49.24 |
Common Stock | Restricted Stock Units | Disposition | 2017-04-01 | 14,544 | $0.00 | 14,544 | $0.00 |
Common Stock | Restricted Stock Units | Disposition | 2017-04-01 | 2,890 | $0.00 | 2,890 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2015-05-16 | 2024-05-16 | No | 4 | D | Direct |
0 | 2016-05-22 | 2025-05-22 | No | 4 | D | Direct |
0 | 2017-05-27 | 2026-05-27 | No | 4 | D | Direct |
0 | No | 4 | D | Direct | ||
0 | 2017-05-27 | No | 4 | D | Direct |
Footnotes
- Each share of Common Stock was disposed of at the effective time of the merger of Computer Sciences Corporation (the "Company") with and into New Everett Merger Sub, Inc. on April 1, 2017 (the "Merger") by conversion into one share of common stock of DXC Technology Company.
- Each Option was disposed of at the effective time of the Merger by conversion into one option to purchase one share of common stock of DXC Technology Company on the same terms and conditions that were in effect immediately prior to the consummation of the Merger.
- This option is exercisable in three equal annual installments beginning May 16, 2015.
- This option is exercisable in three equal annual installments beginning May 12, 2016.
- This option is exercisable in three equal annual installments beginning May 27, 2017.
- Restricted Stock Units ("RSUs") were disposed of at the effective time of the Merger by conversion into RSUs of DXC Technology Company on the same terms and conditions that were in effect immediately prior to the consummation of the Merger.
- Each vested RSU entitles the reporting person to receive one share of common stock. The RSUs fully vest at age 62, subject to the reporting person's continued employment through that date, and may vest earlier in certain other circumstances. In addition, 50% of the RSUs vest at age 55 or older with at least five years of continuous service, with an additional 10% of the RSUs vesting for each subsequent year of continuous service, subject to the reporting person's continued employment through the vesting date. Vested RSUs are released as shares of common stock at the rate of 10% of the shares granted on each of the first ten anniversaries of the reporting person's employment termination date.
- Each RSU granted as part of the Fiscal 2017 Retention Award entitles the reporting person to receive one share of common stock upon the vesting date. The RSUs vest on May 27, 2017.