4//SEC Filing
Castleman Michael S 4
Accession 0000018396-17-000077
CIK 0000018396other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 3:44 PM ET
Size
7.3 KB
Accession
0000018396-17-000077
Insider Transaction Report
Form 4
CDI CORPCDI
Castleman Michael S
Executive Vice President
Transactions
- Disposition to Issuer
Time-Vested Deferred Stock (TVDS)
2017-09-12−43,750→ 43,750 totalExp: 2020-10-01→ Common Stock (43,750 underlying) - Disposition from Tender
Common Stock
2017-09-12$8.25/sh−28,280$233,310→ 0 total
Footnotes (1)
- [F1]Under the TVDS Award Agreement, the general vesting schedule for these shares is: 20% on October 1, 2017, 30% on each of October 1, 2018 and October 1, 2019, and 20% on October 1, 2020. However, pursuant to the Award Agreement, upon the closing of a Sale of the Company, which occurred on September 12, 2017, the first two tranches became vested. Under the terms of the Award Agreement and the merger agreement associated with the Sale of the Company, the Reporting Person receives cash (equal to the sale price of $8.25 per share) rather than shares of Common Stock upon the vesting of these shares of TVDS.
Documents
Issuer
CDI CORP
CIK 0000018396
Entity typeother
Related Parties
1- filerCIK 0001623162
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 3:44 PM ET
- Size
- 7.3 KB