CDI CORP 4
4 · CDI CORP · Filed Nov 1, 2016
Insider Transaction Report
Form 4
CDI CORPCDI
Castleman Michael S
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2016-10-28+23,937→ 34,342 total - Award
Common Stock
2016-10-28$6.24/sh+2,493$15,556→ 36,835 total - Exercise/Conversion
Time-Vested Deferred Stock (TVDS)
2016-10-28−23,937→ 35,907 totalExp: 2018-10-28→ Common Stock (23,937 underlying) - Tax Payment
Common Stock
2016-10-28$6.24/sh−8,977$56,016→ 27,858 total
Footnotes (4)
- [F1]Upon vesting, each share of TVDS converts into one share of Common Stock.
- [F2]Under the terms of the Time Vested Deferred Stock (TVDS) granted to the Reporting Person, if dividends were paid on Common Stock between the grant date and the vesting date of the TVDS, then upon vesting the Reporting Person is entitled to receive additional shares of Common Stock equal to the aggregate value of the dividends relating to those shares. The price set forth in this column represents the market price of Common Stock on the date that the shares of TVDS owned by the Reporting Person vested and therefore the date that additional shares of Common Stock relating to dividends were earned.
- [F3]This is the market price of Common Stock on the date that the shares of TVDS owned by the Reporting Person vested and was therefore the price used to calculate the number of shares deducted to satisfy tax withholding obligations.
- [F4]The shares of TVDS vest 40% on the second anniversary, and 30% on each of the third and fourth anniversaries, of the date of grant (which was 10/28/2014).