PREMIERE GLOBAL SERVICES, INC. 4
4 · PREMIERE GLOBAL SERVICES, INC. · Filed Mar 3, 2015
Insider Transaction Report
Form 4
TRINE DAVID E
EVP, Finance
Transactions
- Disposition to Issuer
Common Stock
2015-02-27−1,350→ 213,117 total - Award
Common Stock
2015-02-27+4,996→ 218,113 total - Tax Payment
Common Stock
2015-02-27$9.74/sh−833$8,113→ 217,280 total - Tax Payment
Common Stock
2015-02-27$9.74/sh−4,059$39,535→ 214,467 total
Footnotes (3)
- [F1]Shares withheld to satisfy the reporting person's tax liability applicable to the vesting of restricted stock on February 27, 2015 relating to the reporting person's performance-based component of his long-term incentive award.
- [F2]Overachievement performance awards granted in the form of restricted stock units, or RSUs, under the Premiere Global Services, Inc.'s Amended and Restated 2004 Long-Term Incentive Plan, as amended. The RSUs could be earned based upon the achievement of a specified SaaS revenue target for 2014. One-half of the earned RSUs convert to shares of fully-vested stock on a one-for-one basis on the date of the first payroll following our fourth quarter and year-end earnings release for 2014 (the "Conversion Date"), and one-half of the earned RSUs convert to shares of restricted stock on the Conversion Date, which restricted shares vest on March 31, 2016.
- [F3]Shares withheld to satisfy the reporting person's tax liability applicable to the vesting of restricted stock on February 27, 2015 related to (2) above.