RUFFLE JOHN F 4
4 · AMERICAN SHARED HOSPITAL SERVICES · Filed Jun 11, 2012
Insider Transaction Report
Form 4
RUFFLE JOHN F
Director
Transactions
- Award
COMMON STOCK
2012-06-07$3.05/sh+500$1,525→ 249,911 total - Award
STOCK OPTION (RIGHT TO BUY)
2012-06-07$3.05/sh+2,000$6,100→ 23,000 totalExercise: $3.05From: 2012-06-07Exp: 2013-06-06→ COMMON STOCK (2,000 underlying)
Footnotes (3)
- [F1]THIS REPRESENTS AN AWARD OF RESTRICTED STOCK UNITS. EACH UNIT WILL ENTITLE THE REPORTING PERSON TO ONE SHARE OF THE ISSUER'S COMMON STOCK UPON VESTING. THE UNITS WILL VEST IN FULL UPON THE EARLIER OF (I) THE REPORTING PERSON'S COMPLETION OF ONE YEAR OF SERVICE MEASURED FROM JUNE 7, 2012, OR (II) SUCH INDIVIDUAL'S CONTINUATION IN BOARD SERVICE THROUGH THE DAY IMMEDIATELY PRECEDING THE 2013 ANNUAL SHAREHOLDERS MEETING (THE "VESTING DATE").
- [F2]INCLUDES 500 SHARES SUBJECT TO THE REPORTED RESTRICTED STOCK UNIT AWARD WHICH WILL VEST IN FULL ON THE VESTING DATE.
- [F3]THE REPORTED STOCK OPTION WILL VEST IN FULL UPON THE EARLIER OF (I) THE REPORTING PERSON'S COMPLETION OF ONE YEAR OF SERVICE MEASURED FROM JUNE 7, 2012 OR (II) SUCH INDIVIDUAL'S CONTINUATION IN BOARD SERVICE THROUGH THE DAY IMMEDIATELY PRECEDING THE 2013 ANNUAL SHAREHOLDERS MEETING (THE "VESTING DATE").