0001209191-17-018879.txt : 20170307
0001209191-17-018879.hdr.sgml : 20170307
20170307172120
ACCESSION NUMBER: 0001209191-17-018879
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170303
FILED AS OF DATE: 20170307
DATE AS OF CHANGE: 20170307
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VISTEON CORP
CENTRAL INDEX KEY: 0001111335
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714]
IRS NUMBER: 383519512
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE VILLAGE CENTER DRIVE
CITY: VAN BUREN TOWNSHIP
STATE: MI
ZIP: 48111
BUSINESS PHONE: 800-847-8366
MAIL ADDRESS:
STREET 1: ONE VILLAGE CENTER DRIVE
CITY: VAN BUREN TOWNSHIP
STATE: MI
ZIP: 48111
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Vallance Robert R
CENTRAL INDEX KEY: 0001676719
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15827
FILM NUMBER: 17673013
MAIL ADDRESS:
STREET 1: VISTEON CORPORATION
STREET 2: ONE VILLAGE CENTER DRIVE
CITY: VAN BUREN TOWNSHIP
STATE: MI
ZIP: 48111
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2017-03-03
0
0001111335
VISTEON CORP
VC
0001676719
Vallance Robert R
VISTEON CORPORATION
ONE VILLAGE CENTER DRIVE
VAN BUREN TOWNSHIP
MI
48111
0
1
0
0
Senior Vice President
Common Stock
2017-03-04
4
M
0
416
A
3560
D
Common Stock
2017-03-04
4
F
0
154
94.77
D
3406
D
Common Stock
2017-03-05
4
M
0
260
A
3666
D
Common Stock
2017-03-05
4
F
0
96
94.77
D
3570
D
Common Stock
2017-03-06
4
M
0
1431
59.59
A
5001
D
Common Stock
2017-03-06
4
S
0
1431
94.504
D
3570
D
Common Stock
2017-03-06
4
S
0
590
94.494
D
2980
D
Employee Stock Option (right to buy)
94.77
2017-03-03
4
A
0
3275
0.00
A
2024-03-02
Common Stock
3275
3275
D
Performance Rights
2017-03-03
4
A
0
1568
0.00
A
2020-01-31
Common Stock
1568
1568
D
Restricted Stock Units
2017-03-03
4
A
0
941
0.00
A
2020-03-03
Common Stock
941
941
D
Restricted Stock Units
2017-03-04
4
M
0
416
D
2019-03-04
Common Stock
416
834
D
Restricted Stock
2017-03-05
4
M
0
260
D
2018-03-05
Common Stock
260
261
D
Employee Stock Option (right to buy)
59.59
2017-03-06
4
M
0
1431
0.00
D
2022-03-04
Common Stock
1431
716
D
Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 4, 2017 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 3, 2017, the next preceding trading day.
These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of March 3, 2017, the next preceding trading day.
Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 5, 2017 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 3, 2017, the next preceding trading day.
The option is exercisable to the extent of one third of the shares optioned after one year from the date of grant, two-thirds in two years and in full after three years.
Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance rights is based on relative total shareholder return over a three year performance period and payable in stock or cash at the election of Visteon, subject to tax withholding.
Restricted Stock Units vest to the extent of 33% of the units granted each year following the first annivesary of the date of grant until the third anniverary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in cash or stock at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.
Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Robert R. Vallance
2017-03-07