KING ALLEN B 4
4 · CIRCUIT CITY STORES INC · Filed Jun 26, 2008
Insider Transaction Report
Form 4
KING ALLEN B
Director
Transactions
- Exercise/Conversion
Restricted Stock Units (2007 Award)
2008-06-26−6,481→ 173.618 total→ Common Stock (6,481 underlying) - Exercise/Conversion
Phantom Stock
2008-06-26+6,481→ 27,943.681 total→ Common Stock (6,481 underlying) - Exercise/Conversion
Restricted Stock Units (2007 Award)
2008-06-26−173.618→ 0 total→ Common Stock (173.618 underlying) - Exercise/Conversion
Phantom Stock
2008-06-26+173.618→ 28,117.299 total→ Common Stock (173.618 underlying) - Award
Restricted Stock Units (2008 Award)
2008-06-24+29,851→ 29,851 total→ Common Stock (29,851 underlying)
Footnotes (6)
- [F1]This award represents non-employee director's equity-based compensation for the 2009 fiscal year and has a fair market value on the date of grant of $100,000.
- [F2]1 for 1
- [F3]One hundred percent (100%) of the restricted stock units granted on June 26, 2007 have vested. These shares cannot be sold while serving as a member of the Board of Directors for Circuit City Stores, Inc.
- [F4]One-hundred percent (100%) of the Units paid as a dividend in connection with the restricted stock units granted on 6/26/2007 have vested. These shares cannot be sold while serving as a member of the Board of Directors for Circuit City Stores, Inc.
- [F5]This director has elected to defer payment under the Restricted Stock Unit Deferral Program (the "Program") of the restricted stock units issued under the Circuit City Stores, Inc. 2000 Non-Employee Director Stock Incentive Plan. Vested deferred shares are held as "phantom stock" in a phantom stock account. Dividends on vested and unvested shares will be reinvested until distributions are made. The shares underlying the phantom stock units in the director's account will be distributed to the director when he or she ceases to serve as a director of the company.
- [F6]The restricted stock units shall vest one-hundred percent (100%) on June 24, 2009. Shares of common stock issued following the vesting of the units cannot be sold while serving as a member of the Board of Directors for Circuit City Stores, Inc.