Puvvada Venkatapathi R Form 4 UNISYS / Venkatapathi R Puvvada 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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X

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^*

Puvvada Venkatapathi R

(Last) (First) (Middle)

UNISYS CORPORATION

801 LAKEVIEW DRIVE, SUITE 100

(Street)

BLUE BELL PA 19422

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNISYS CORP [ UIS ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2020

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
Common Stock	03/13/2020		M		7,579	A	$0	88,375	D
Common Stock	03/13/2020		F		2,281	D	$9.38	86,094	D
Common Stock	03/13/2020		M		12,882	A	$0	98,976	D
Common Stock	03/13/2020		F		5,163	D	$9.38	93,813	D
Common Stock	03/13/2020		M		7,579	A	$0	101,392	D
Common Stock	03/13/2020		F		3,418	D	$9.38	97,974	D
Common Stock	03/13/2020		M		12,882	A	$0	110,856	D
Common Stock	03/13/2020		F		5,809	D	$9.38	105,047	D

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
Restricted Stock Units	(1)	03/13/2020		M			7,579	(2)	(2)	Common Stock	7,579	$0	0	D
Restricted Stock Units	(3)	03/13/2020		M			12,882	(4)	(4)	Common Stock	12,882	$0	0	D
Restricted Stock Units	(5)	03/13/2020		M			7,579	(6)	(6)	Common Stock	7,579	$0	0	D
Restricted Stock Units	(7)	03/13/2020		M			12,882	(8)	(8)	Common Stock	12,882	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.

2. Performance-based restricted stock units ("PB-RSUs") granted on February 12, 2018 under the Unisys Corporation 2016 Long-Term Incentive and Equity Compensation Plan. This represents the vesting at a target level of performance of the remaining outstanding PB-RSUs under this award pursuant to the Separation Agreement dated as of March 13, 2020 between the Reporting Person and the Company.

3. Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.

4. Performance-based restricted stock units ("PB-RSUs") granted on February 15, 2019 under the Unisys Corporation 2016 Long-Term Incentive and Equity Compensation Plan. This represents the vesting at a target level of performance of the remaining outstanding PB-RSUs under this award pursuant to the Separation Agreement dated as of March 13, 2020 between the Reporting Person and the Company.

5. Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.

6. Time-based restricted stock units ("TB-RSUs") granted on February 12, 2018 under the Unisys Corporation 2016 Long-Term Incentive and Equity Compensation Plan. This represents the vesting of the remaining outstanding TB-RSUs under this award pursuant to the Separation Agreement dated as of March 13, 2020 between the Reporting Person and the Company.

7. Each restricted stock unit represents a contingent right to receive one share of Unisys Corporation common stock.

8. Time-based restricted stock units ("TB-RSUs") granted on February 15, 2019 under the Unisys Corporation 2016 Long-Term Incentive and Equity Compensation Plan. This represents the vesting of the remaining outstanding TB-RSUs under this award pursuant to the Separation Agreement dated as of March 13, 2020 between the Reporting Person and the Company.

	Cathy S. Johnson, attorney-in-fact	03/17/2020
	** Signature of Reporting Person	Date
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