Courtois Jean-Yves 4
4 · TEKELEC · Filed May 16, 2011
Insider Transaction Report
Form 4
TEKELECTKLC
Courtois Jean-Yves
Director
Transactions
- Award
Restricted Stock Units
2011-05-13+10,000→ 10,000 total→ Common Stock (10,000 underlying) - Award
Restricted Stock Units
2011-05-13+8,000→ 8,000 total→ Common Stock (8,000 underlying)
Holdings
- 0
Common Stock
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") convert to Tekelec Common Stock on a one-for-one basis.
- [F2]Each RSU represents the right to receive, upon vesting, one share of Tekelec Common Stock. The RSUs will vest (and shares represented thereby will be issued) in full on the earlier of (i) May 13, 2012, (ii) the day immediately preceding the date of the Issuer's 2012 Annual Meeting of Shareholders, or (iii) a change in control of the Issuer, provided that the Reporting Person remains a non-employee director of the Issuer through the vesting date.
- [F3]Each RSU represents the right to receive, upon vesting, one share of Tekelec Common Stock. The RSUs will vest (and shares represented thereby will be issued) in 3 equal annual installments commencing on May 13, 2012.