Frey Robert I 4
4 · ENERGY CONVERSION DEVICES INC · Filed Jan 13, 2012
Insider Transaction Report
Form 4
Frey Robert I
Director
Transactions
- Award
Restricted Stock Units
2012-01-11+79,570→ 79,570 total→ Common Stock (79,570 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents a right to receive one deferred stock unit (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 2012 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 one-year 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.