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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. Title of Derivative Security | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (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 | ||||||||
Restricted Stock Units | (1) | 05/08/2023 | A | 128,535 | (2) | (2) | Common Stock | 128,535 | $ 0 | 128,535 | D | ||||
Each restricted stock unit represents a contingent right to receive up to one share of Unisys Corporation common stock. | |
PB-RSUs granted under 2023 Equity Plan. PB-RSUs vest on 5/8/26 if 20-trading day trailing average of closing price of common stock over the 20 consecutive trading day period ending on 5/7/26 is $8 or higher (Vesting Condition) at a conversion rate of .25 shares to 1 share of common stock for each PB-RSU if the 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the period from the grant date through 5/7/26 (Vesting Period) is $8 to $14 (determined by linear interpolation between such range). If 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period never meets or exceeds $8, then PB-RSUs will not vest at all. If Vesting Condition is satisfied and 20-trading day trailing average of the closing price of common stock over any 20 consecutive trading days during the Vesting Period exceeds $14, then PB-RSUs will vest at the rate of 1 share for each PB-RSU. |
| Signatures | ||
Natasha Redding, attorney-in-fact | 05/10/2023 | |
| ** Signature of Reporting Person | Date | |
| 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||