Herr Michael C 4
4 · VIST FINANCIAL CORP · Filed Jan 25, 2012
Insider Transaction Report
Form 4
Herr Michael C
COO, VIST Insurance
Transactions
- Tax Payment
common stock
2010-12-15$7.05/sh+400$2,820→ 4,943 total - Award
stock options (right to buy)
2010-12-15$7.05/sh+2,333$16,448→ 2,333 totalExercise: $7.05From: 2012-01-24Exp: 2020-12-15→ common stock (right to buy) (2,333 underlying)
Footnotes (2)
- [F1]On December 15, 2010, the reporting person was granted a total of 800 shares of restricted stock under the issuer's 2007 Equity Incentive Plan based on the attainment of specified individual or corporate performance criteria for the year ended December 31, 2011, The corporate performance criteria for the year ended December 31, 2011 were not met resulting in the forfeiture of 400 shares and reported above. The individual performance criteria for the year ended December 31, 2011 were met and accordingly 400 shares of restricted stock will vest in three annual installments beginning January 24, 2012.
- [F2]On December 15, 2010, the reporting person was granted options to purchase a total of 4,666 shares of common stock based on attainment of specified individual or corporate performance criteria for the year ended December 31, 2011. The individual performance criteria for the year ended December 31, 2011 were met resulting in the vesting of options as to 2,333 shares and reported above. The corporate performance criteria for the year ended December 31, 2011 were not met and accordingly options to purchase 2,333 shares of common stock expired.