Filing Details

Accession Number:
0000921895-19-002260
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-15 18:35:25
Reporting Period:
2019-08-14
Accepted Time:
2019-08-15 18:35:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
849399 Symantec Corp SYMC Services-Prepackaged Software (7372) 770181864
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1410600 A Peter Feld 777 Third Avenue, 18Th Floor
New York NY 10017
Yes No 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, $0.01 Par Value Acquisiton 2019-08-14 708,052 $22.95 15,445,672 No 4 P Indirect By Starboard Value and Opportunity Master Fund Ltd
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 223,757 $22.95 2,433,000 No 4 P Indirect By Starboard Value and Opportunity S LLC
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 128,830 $22.95 1,394,606 No 4 P Indirect By Starboard Value and Opportunity C LP
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 1,029 $22.95 1,213,636 No 4 P Indirect By Starboard Leaders Tango LLC
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 211 $22.95 1,213,847 No 4 P Indirect By Starboard Leaders Tango LLC
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 2,013 $22.95 1,629,398 No 4 P Indirect By Starboard Leaders Select VI LP
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 122,050 $22.95 1,344,715 No 4 P Indirect By Starboard Value and Opportunity Master Fund L LP
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 125,000 $22.95 19,850,500 No 4 P Indirect By Managed Accounts of Starboard Value LP
Common Stock, $0.01 Par Value Acquisiton 2019-08-14 14,872 $22.95 19,865,372 No 4 P Indirect By Managed Accounts of Starboard Value LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Starboard Value and Opportunity Master Fund Ltd
No 4 P Indirect By Starboard Value and Opportunity S LLC
No 4 P Indirect By Starboard Value and Opportunity C LP
No 4 P Indirect By Starboard Leaders Tango LLC
No 4 P Indirect By Starboard Leaders Tango LLC
No 4 P Indirect By Starboard Leaders Select VI LP
No 4 P Indirect By Starboard Value and Opportunity Master Fund L LP
No 4 P Indirect By Managed Accounts of Starboard Value LP
No 4 P Indirect By Managed Accounts of Starboard Value LP
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, $0.01 Par Value Forward Purchase Contract Acquisiton 2019-08-14 1 $22.95 274,186 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1 2021-02-16 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value 24,685 Direct
Footnotes
  1. Securities owned directly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP LLC ("Starboard Value GP"), the general partner of the investment manager of Starboard V&O Fund, and as a member and member of the Management Committee of Starboard Principal Co GP LLC ("Principal GP"), the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard V&O Fund for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  2. Securities owned directly by Starboard Value and Opportunity S LLC ("Starboard S LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the manager of Starboard S LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard S LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  3. Securities owned directly by Starboard Value and Opportunity C LP ("Starboard C LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard C LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard C LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  4. Securities owned directly by Starboard Leaders Tango LLC ("Starboard Tango LLC"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Tango LLC, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Tango LLC for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  5. Securities owned directly by Starboard Leaders Select VI LP ("Starboard Select VI LP"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard Select VI LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard Select VI LP for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  6. Securities owned directly by Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of the investment manager of Starboard L Master, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities directly held by Starboard L Master for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  7. Securities held in certain accounts managed by Starboard Value LP (the "Starboard Value LP Accounts"). The Reporting Person, solely by virtue of his position as a member of the Management Committee of Starboard Value GP, the general partner of Starboard Value LP, and as a member and member of the Management Committee of Principal GP, the general partner of the member of Starboard Value GP, may be deemed to beneficially own the securities held in the Starboard Value LP Accounts for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  8. Starboard Value LP through one of the Starboard Value LP Accounts entered into a forward purchase contract providing for the purchase of 274,186 Shares (the "Forward Contract"). The Forward Contract has a final valuation date of February 16, 2021, however, Starboard Value LP has the ability to elect early settlement after serving notice to the counter party of such intention at least two (2) scheduled trading days in advance of the desired early final valuation date. The Forward Contract provides for physical settlement. Until the settlement date, the Forward Contract does not give Starboard Value LP voting or dispositive control over the Shares to which the contract relates.