Lagomichos Christos 4
4 · TRIDENT MICROSYSTEMS INC · Filed Feb 10, 2010
Insider Transaction Report
Form 4
Lagomichos Christos
President
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2010-02-08+109,000→ 109,000 totalExercise: $1.81Exp: 2020-02-08→ Common Stock (109,000 underlying) - Award
Performance Shares
2010-02-08+280,500→ 280,500 totalExp: 2013-12-31→ Common Stock (280,500 underlying)
Footnotes (2)
- [F1]The option vests in four equal annual installments beginning on the vesting commencement date, February 8, 2010.
- [F2]Each performance share represents a right to receive one share of Trident common stock upon attainment of a Trident stock price goal. The reported number is the maximum number of derivative securities (i.e., 150% of target) that will vest and be settled in an equal number of shares of common stock if the maximum applicable stock price goal is attained and the employee's service has been continuous over the period. One-third of the performance shares will vest, if at all, in each of three performance periods, ending on December 31 in each of 2011, 2012 and 2013. Subject to the reporting person's continued service through the applicable vesting date, 50%, 100% and 150%, respectively, of the target number of performance shares will vest on attainment of the minimum, target and maximum levels of stock price performance, with intermediate levels determined on a linear basis by interpolation.