NEWELL RUBBERMAID INC 4
4 · NEWELL RUBBERMAID INC · Filed Dec 18, 2013
Insider Transaction Report
Form 4
Larson Paula S
EVP, Human Resources
Transactions
- Award
Restricted Stock Units
2013-12-16+12,842→ 12,842 total→ Common Stock (12,842 underlying) - Award
Restricted Stock Units
2013-12-16+12,842→ 12,842 total→ Common Stock (12,842 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contigent right to receive one share Newell Rubbermaid common stock.
- [F2]The reporting person shall become vested in the award in equal installments on December 16, 2014, 2015 & 2016.
- [F3]The reporting person shall become one-third vested in the award when the Company's average closing stock price for any continuous 20 day trading period (the "20 Day Average Price") after the date of grant equals or exceeds $33.73, but no earlier than December 16, 2014; an additional one-third of the award shall vest when the 20 Day Average Price equals or exceeds $35.26, but no earlier than December 16, 2015; and the remaining one-third of the award shall vest when the 20 Day Average Price equals or exceeds $36.79, but no earlier than December 16, 2016. The reporting person will not receive dividend equivalents at the time any dividends are paid. Rather, all such dividend equivalents will be credited to an account for the reporting person, and will be paid only to the extent that the applicable performance criteria are met and the RSUs vest. Any portion of the award not vested as of December 16, 2020 shall expire.