FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 04/21/2020 |
3. Issuer Name and Ticker or Trading Symbol
PARSONS CORP [ PSN ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1,460 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | (1) | (1) | Common Stock | 5,027 | (2) | D | |
Restricted Stock Units | (3) | (3) | Common Stock | 4,466 | (2) | D | |
Phantom Stock | (4) | (4) | Common Stock | 5,904 | (4) | D | |
Phantom Stock | (5) | (5) | Common Stock | 47,298 | (5) | D |
Explanation of Responses: |
1. The restricted stock units will vest in three equal annual installments on March 4, 2021, March 4, 2022 and March 4, 2023, subject to the Reporting Person's continued employment with the Issuer on each such vesting date. |
2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. |
3. The restricted stock units will vest in two equal annual installments on December 31, 2020 and December 31, 2021, subject to the Reporting Person's continued employment with the Issuer on each such vesting date. |
4. Represents an award granted in 2018 under the Issuer's Restricted Award Plan. Each share of phantom stock represents a right to receive the cash value of one share of the Issuer's common stock. The award will vest on December 31, 2020, subject to the Reporting Person's continued employment with the Issuer on such vesting date. The award will be paid in cash. The value of the phantom stock will be determined based on the trailing 60 trading day weighted average stock price on the vesting date. |
5. Represents an award granted in 2018 under the Issuer's Shareholder Value Plan. Each share of phantom stock represents a right to receive the cash value of one share of the Issuer's common stock less the base price per unit of the award. The award will vest on December 31, 2020, subject to the Reporting Person's continued employment with the Issuer on such vesting date. The award will be paid in cash. The value of the phantom stock will be determined based on the trailing 60 trading day weighted average stock price on the vesting date. |
Remarks: |
Exhibit 24 - Power of Attorney. |
/s/ Michael R. Kolloway, as attorney-in-fact | 04/23/2020 | |
** 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 5 (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. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |