Billerud Americas (VRS) Form 4 Verso / John Adam St. ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

St. John Adam

(Last) (First) (Middle)

8540 GANDER CREEK DRIVE

(Street)

MIAMISBURG OH 45342

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Verso Corp [ VRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/24/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/24/2020		A		30,675(1)	A	$0.00	143,587(2)	D
Class A Common Stock	01/24/2020		A		4,345(3)	A	$0.00	34,012(4)	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	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 (Instr. 8)		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: 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

Explanation of Responses:

1. Consists of 30,675 stock units. Each stock unit represents the right, subject to vesting, to receive one share of common stock. The stock units will vest as follows: (i) 33% on January 1, 2021; (ii) 33% on January 1, 2022; and (iii) 34% on January 1, 2023. The reported stock units do not include 30,675 stock units that will vest on or about January 1, 2023, if certain performance objectives established by the issuer have been met.

2. Consists of: (i) the 30,675 stock units described in footnote (1); (ii) 65,181 shares of common stock; (iii) 21,187 stock units vesting on January 1, 2021; (iv) 14,819 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; (v) 7,957 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; and (vi) 3,768 stock units vesting in two substantially equal installments beginning on January 1, 2021.

3. Consists of 4,345 stock units held by Mr. St. John's spouse. The stock units will vest as follows: (i) 33% on January 1, 2021; (ii) 33% on January 1, 2022; and (iii) 34% on January 1, 2023. The reported stock units do not include 4,345 stock units that will vest on or about January 1, 2023, if certain performance objectives established by the issuer have been met.

4. Consists of: (i) the 4,345 stock units described in footnote (3); (ii) 18,066 shares of common stock; (iii) 5,551 stock units vesting on January 1, 2021; (iv) 3,882 stock units vesting in two substantially equal annual installments beginning on January 1, 2021; and (v) 2,168 stock units vesting in two substantially equal annual installments beginning on January 1, 2021.

Remarks:

	/s/ St. John Daugherty, as Attorney-in-Fact	01/28/2020
	** 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.
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