0000899243-20-001301.txt : 20200116 0000899243-20-001301.hdr.sgml : 20200116 20200116144948 ACCESSION NUMBER: 0000899243-20-001301 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200114 FILED AS OF DATE: 20200116 DATE AS OF CHANGE: 20200116 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: St. John Adam CENTRAL INDEX KEY: 0001681544 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34056 FILM NUMBER: 20530415 MAIL ADDRESS: STREET 1: 8540 GANDER CREEK DRIVE CITY: MIAMISBURG STATE: OH ZIP: 45342 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Verso Corp CENTRAL INDEX KEY: 0001421182 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 753217389 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8540 GANDER CREEK DRIVE CITY: MIAMISBURG STATE: OH ZIP: 45342 BUSINESS PHONE: (877) 855-7243 MAIL ADDRESS: STREET 1: 8540 GANDER CREEK DRIVE CITY: MIAMISBURG STATE: OH ZIP: 45342 FORMER COMPANY: FORMER CONFORMED NAME: Verso Paper Corp. DATE OF NAME CHANGE: 20071213 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2020-01-14 0 0001421182 Verso Corp VRS 0001681544 St. John Adam 8540 GANDER CREEK DRIVE MIAMISBURG OH 45342 1 1 0 0 CEO Class A Common Stock 2020-01-14 4 A 0 63559 0.00 A 135493 D Class A Common Stock 2020-01-14 4 A 0 16653 0.00 A 34330 I By Spouse Class A Common Stock 2020-01-14 4 F 0 22581 16.56 D 112912 D Class A Common Stock 2020-01-14 4 F 0 4663 16.56 D 29667 I By Spouse Consists of 63,559 shares of common stock acquired upon the vesting of 42,373 performance-based stock units granted on October 12, 2017. The performance conditions applicable to the award were determined to have been satisfied by Verso Corporation's ("Verso") Compensation Committee on January 14, 2020, resulting in the stock units vesting at 150% of the original grant based upon the compound annual growth rate ("CAGR") of Verso's publicly traded voting common stock price over the three-year period from January 1, 2017 to January 1, 2020 (the "Measurement Period") as compared to the CAGR during the Measurement Period of the publicly traded voting common stock prices of a peer group of companies. Consists of 16,653 shares of common stock acquired by Mr. St. John's spouse upon the vesting of 11,102 performance-based stock units granted on October 12, 2017. The performance conditions applicable to the award were determined in the same manner as described in footnote (1) above. The reporting person surrendered to Verso 22,581 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced in footnote (1) above. Consists of (i) 65,181 shares of common stock, (ii) 21,187 stock units vesting on January 1, 2021, (iii) 14,819 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, (iv) 7,957 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, and (v) 3,768 stock units vesting in two substantially equal installments beginning on January 1, 2021. Each stock unit represents the right, subject to vesting, to receive one share of common stock. Mr. St. John's spouse surrendered to Verso 4,663 shares of common stock to satisfy applicable tax withholding liability in connection with the performance-based award referenced in footnote (2) above. Consists of (i) 18,066 shares of common stock, (ii) 5,551 stock units vesting on January 1, 2021, (iii) 3,882 stock units vesting in two substantially equal annual installments beginning on January 1, 2021, and (iv) 2,168 stock units vesting in two substantially equal annual installments beginning on January 1, 2021. Each stock unit represents the right, subject to vesting, to receive one share of common stock. /s/ St. John Daugherty, as Attorney-in-Fact 2020-01-16