Frey Robert I 4
4 · ENERGY CONVERSION DEVICES INC · Filed Dec 16, 2010
Insider Transaction Report
Form 4
Frey Robert I
Director
Transactions
- Award
Restricted Stock Units
2010-12-14+18,086→ 18,086 total→ Restricted Stock Units (18,086 underlying)
Footnotes (2)
- [F1]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.
- [F2]Reflects the grant of RSUs to the reporting person as a portion of the 2011 outside director compensation granted under ECD's 2010 Omnibus Incentive Compensation 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.