TIETJEN JOHN W 4
4 · STERLING BANCORP · Filed Dec 23, 2010
Insider Transaction Report
Form 4
TIETJEN JOHN W
EVP and CFO
Transactions
- Gift
Common Stock
2010-12-22$10.39/sh−500$5,195→ 74,586 total
Footnotes (1)
- [F1]Includes 2,218 Restricted Common Shares issued on March 25, 2010 pursuant to the Sterling Bancorp Stock Incentive Plan consistent with the requirements of the TARP Interim Final Rule. The shares will vest 50%, 25% and 25% on the second, third and fourth anniversaries of the grant date, subject to (1) accelerated vesting upon death, disability and change in control and (2) continued vesting upon retirement after the second anniversary of the grant date subject to compliance with a non-compete. The restricted stock will be transferable in 25% increments in accordance with the Company's repayment of the TARP funds.