TEKELEC 4
4 · TEKELEC · Filed May 16, 2011
Insider Transaction Report
Form 4
TEKELECTKLC
RESSNER MICHAEL P
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2011-05-12−8,000→ 0 totalFrom: 2011-05-12Exp: 2011-05-12→ Common Stock (8,000 underlying) - Award
Restricted Stock Units
2011-05-13+8,000→ 8,000 total→ Common Stock (8,000 underlying) - Exercise/Conversion
Common Stock
2011-05-12+8,000→ 16,000 total
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") convert to Tekelec Common Stock on a one-for-one basis.
- [F2]RSUs vested on 5/12/11 as to 8,000 shares which were issued on that 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 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.