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Filing Details

Accession Number:: 0000746838-21-000034
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 17:46:30
Reporting Period:: 2021-02-26

Accepted Time:: 2021-03-02 17:46:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
746838	Unisys Corp	UIS	Services-Computer Integrated Systems Design (7373)	380387840

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1561637	M Michael Thomson	C/O Unisys Corporation 801 Lakeview Drive, Suite 100 Blue Bell PA 19422	Senior Vice President And Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-02-26	6,224	$0.00	38,686	No	4	M	Direct
Common Stock	Disposition	2021-02-26	1,803	$24.55	36,883	No	4	F	Direct
Common Stock	Acquisiton	2021-02-26	9,760	$0.00	46,643	No	4	M	Direct
Common Stock	Disposition	2021-02-26	2,828	$24.55	43,815	No	4	F	Direct
Common Stock	Acquisiton	2021-02-26	4,000	$13.35	47,815	No	4	M	Direct
Common Stock	Disposition	2021-02-26	4,000	$24.66	43,815	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2021-02-26	6,224	$0.00	6,224	$0.00
Common Stock	Common Stock	Disposition	2021-02-26	6,224	$0.00	9,760	$0.00
Common Stock	Stock Option (Right to Buy)	Disposition	2021-02-26	4,000	$0.00	4,000	$13.35
Common Stock	Restricted Stock Units	Acquisiton	2021-02-26	16,972	$0.00	16,972	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2021-02-26	23,762	$0.00	23,762	$0.00
Common Stock	Restricted Stock Units	Acquisiton	2021-02-26	47,523	$0.00	47,523	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,449		No	4	M	Direct
0		No	4	M	Direct
0	2022-12-02	No	4	M	Direct
16,972		No	4	A	Direct
23,762		No	4	A	Direct
47,523		No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,230	Indirect	By USP Trust

Footnotes

The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.215 to $25.13, inclusive. The reporting person undertakes to provide Unisys Corporation, any security holder of Unisys Corporation or the staff of the Securities and Exchange Commission, upon request, the full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
Time-based restricted stock units ("TB-RSUs") granted on February 28, 2020 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest in three equal installments on February 28, 2021, 2022 and 2023, respectively (or if such date does not fall on a trading day, the immediately preceding trading day).
Each restricted stock unit represents a contingent right to receive 1.5681 shares of Unisys Corporation common stock.
Performance-based restricted stock units ("PB-RSUs") granted on February 28, 2020 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs are eligible to be earned in equal annual amounts over a three year period based on Unisys Corporation's relative total shareholder return compared to the Russell 2000 Index from January 1, 2020 through December 31, 2020, 2021 and 2022, respectively, and then such PB-RSUs vest on the later of February 28, 2021, 2022 and 2023, respectively (or if such date does not fall on a trading day, the immediately preceding trading day), and the date on which the Board of Directors verifies the vesting of the applicable tranche of the PB-RSU grant to Unisys Corporation's Chief Executive Officer. This report only relates to the PB-RSUs the reporting person earned during the 2020 performance period. All shares resulting from such earned PB-RSUs vested on February 26, 2021.
Stock option granted under the terms and provisions of the Unisys Corporation 2003 Long-Term Incentive and Equity Compensation Plan. The stock option is exercisable in three annual installments beginning December 2, 2015.
Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
Time-based restricted stock units ("TB-RSUs") granted on February 26, 2021 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest in three equal installments on February 26, 2022, 2023 and 2024, respectively (or if such date does not fall on a trading day, the immediately preceding trading day).
Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.
Time-based restricted stock units ("TB-RSUs") granted on February 26, 2021 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The TB-RSUs vest on February 26, 2024.
Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock.
Performance-based restricted stock units ("PB-RSUs") granted on February 26, 2021 under the Unisys Corporation 2019 Long-Term Incentive and Equity Compensation Plan. The PB-RSUs will be eligible to vest at a conversion rate of between 0.5 shares to 1 share of Unisys Corporation common stock for each PB-RSU if the 20-trading day trailing average of the closing price of Unisys Corporation's common stock over any 20 consecutive trading days during the period from the grant date through February 26, 2024 is 10% to 20% higher (with the conversion rate determined by linear interpolation for increases between such range) than the closing price of Unisys Corporation's common stock on the grant date. If the stock price appreciation test is not met at least at the 10% level, then the PB-RSUs will not vest at all. If the stock price appreciation test is met at greater than the 20% level, then the PB-RSUs will vest at the rate of 1 share of Unisys Corporation common stock for each PB-RSU.