Frey Robert I 4
4 · ENERGY CONVERSION DEVICES INC · Filed Nov 17, 2010
Insider Transaction Report
Form 4
Frey Robert I
Director
Transactions
- Exercise/Conversion
Common Stock
2010-11-17+6,693→ 17,427 total - Exercise/Conversion
Restricted Stock Units
2010-11-17−6,693→ 0 totalFrom: 2010-11-17→ Common Stock (6,693 underlying)
Footnotes (3)
- [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 (RSU) represents a right to receive one deferred stock unit (DSU). DSUs are convertible, on a one-for-one basis, for shares of ECD common stock.
- [F3]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.