PREMIERE GLOBAL SERVICES, INC. 4
4 · PREMIERE GLOBAL SERVICES, INC. · Filed Mar 3, 2015
Insider Transaction Report
Form 4
SCHRAFFT THEODORE P
President
Transactions
- Tax Payment
Common Stock
2015-02-27$9.74/sh−5,251$51,145→ 253,173 total - Disposition to Issuer
Common Stock
2015-02-27−1,729→ 251,444 total - Award
Common Stock
2015-02-27+7,910→ 259,354 total - Tax Payment
Common Stock
2015-02-27$9.74/sh−1,318$12,837→ 258,036 total
Holdings
- 4,701(indirect: By 401(k))
Common Stock
Footnotes (4)
- [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.
- [F4]The number of shares reported is based on a plan statement dated as of April 10, 2014.