DENNYS CORP 4
4 · DENNYS CORP · Filed Oct 4, 2005
Insider Transaction Report
Form 4
DENNYS CORPDENN
HERMAN CRAIG E
Sr. VP, Company Operations
Transactions
- Award
Restricted Stock Performance Units
2005-10-03+150,000→ 225,000 total→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]Up to 1/3 of this award may be earned in each of 2006, 2007 and 2008 based on peer group shareholder return performance over an October 2005 to June 2006 time frame for 2006, and a July to June time frame for years 2007 and 2008. The entire award, however, is earned after five years of continued employment with the Registrant. Units earned will be paid 1/2 in cash and 1/2 in stock based upon a 1-for-1 conversion basis with 50% of an award being paid one year after the award is earned and the remaining 50% being paid after two years contingent upon continued employment with the Registrant.