St. John Adam 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)
11/11/2019

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	11/11/2019		A		5,623(1)	A	$0.00	79,817(2)	D
Class A Common Stock								19,871(3)	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 5,623 Stock Units. Each Stock Unit represents the right, subject to vesting, to receive one share of Class A Common Stock. The Stock Units will vest as follows: (i) 33% on January 1, 2020; (ii) 33% on January 1, 2021; and (iii) 34% on January 1, 2022. The reported Stock Units do not include 5,623 Stock Units that will vest on or about January 1, 2022, if certain performance objectives established by the issuer have been met.

2. Consists of: (i) the 5,623 Stock Units described in footnote (1); (ii) 5,126 shares of Class A Common Stock; (iii) 42,373 Stock Units vesting in two substantially equal installments beginning on January 1, 2020; (iv) 14,819 Stock Units vesting in two substantially equal installments beginning on January 1, 2021; and (v) 11,876 Stock Units vesting in three substantially equal installments beginning on January 1, 2020.

3. Consists of: (i) 1,653 shares of Class A Common Stock; (ii) 11,101 Stock Units vesting in two substantially equal installments beginning on January 1, 2020; (iii) 3,882 Stock Units vesting in two substantially equal installments beginning on January 1, 2021; and (iv) 3,235 Stock Units vesting in three substantially equal installments beginning on January 1, 2020.

Remarks:

The reporting person was previously SVP - Manufacturing of Verso Corporation (the "Issuer"). On November 11, 2019, the reporting person was appointed Chief Executive Officer of the Issuer and a director of the Issuer.

	s/ St. John Daugherty, as Attorney-in-Fact	11/13/2019
	** 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).
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