ICU MEDICAL INC/DE 4
4 · ICU MEDICAL INC/DE · Filed Feb 3, 2014
Insider Transaction Report
Form 4
COSTELLO RICHARD A
Vice President Sales
Transactions
- Exercise/Conversion
Common Stock
2014-02-01+978→ 1,263 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2014-02-01−489→ 489 totalFrom: 2013-02-01Exp: 2013-02-01→ Common Stock (489 underlying) - Tax Payment
Common Stock
2014-02-01$63.45/sh−429$27,220→ 834 total
Footnotes (4)
- [F1]These securities are Restricted Stock Units.
- [F2]There is neither a purchase price nor an exercise price for the Restricted Stock Units.
- [F3]As disclosed in the Reporting Person's Form 4 for the original grant of the RSUs, the award agreement for the RSU provided that the shares covered by the RSU were subject to increase in the event that the Company's adjusted TSR for 2012 equaled or exceeded certain thresholds. On January 31 2013, the Company's Compensation Committee determined that the Company's adjusted TSR for 2012 equaled or exceed the 75th percentile of the Company's peer companies. As a result, the shares covered by the Reporting Person's RSU increased by 200%. The share amounts reported in Table II for the RSU reflect the unadjusted share amounts, and the share amount reported in Table I reflects the number of shares covered by the RSU that have vested, as adjusted for the increase.
- [F4]Vesting of any amount earned would be one-third on the anniversary date of the award; one-third of the award two years after grant, and the remaining one-third a year later, with the employee having to be employed by the Company at the time of any vesting.