Belden Christopher 4
4 · ENERGY CONVERSION DEVICES INC · Filed Nov 19, 2009
Insider Transaction Report
Form 4
Belden Christopher
Director
Transactions
- Award
Common Stock
2009-11-18+2,508→ 6,228 total - Award
Restricted Stock Units
2009-11-17+6,693→ 9,201 total→ Common Stock (6,693 underlying) - Exercise/Conversion
Restricted Stock Units
2009-11-18−2,508→ 6,693 totalFrom: 2009-11-18→ Common Stock (2,508 underlying)
Footnotes (4)
- [F1]Reflects the conversion of restricted stock units (RSUs) granted by ECD to the reporting person that have converted, in accordance with their terms, into an equal number of deferred stock units (DSUs). These DSUs convert on a one-for-one basis into shares of common stock upon the termination of the reporting person's status as a director of ECD.
- [F2]Each restricted stock unit represents a right to receive one DSU. The DSUs are convertible on a one-for-one basis into shares of ECD common stock.
- [F3]Reflects the grant of RSUs to the reporting person as a portion of the 2010 outside director compensation granted under ECD's 2006 Stock Incentive Plan. The RSUs vest ratably over the director's one-year term and convert into DSUs upon the last day of the director's term. DSUs will be paid out as common stock on a one-for-one basis upon the termination of the reporting person's status as a director of ECD.
- [F4]The DSUs will be paid out as common stock on a one-for-one basis upon the termination of the reporting person's status as a director of ECD.