GENERAL CABLE CORP /DE/ 4
4 · GENERAL CABLE CORP /DE/ · Filed Jul 6, 2015
Insider Transaction Report
Form 4
McDonnell Michael T
DirectorPresident and CEO
Transactions
- Award
Common Stock
2015-07-01+124,254→ 124,254 total - Award
Employee Stock Option (right to buy)
2015-07-01+352,087→ 352,087 totalExercise: $19.65From: 2016-07-01Exp: 2025-07-01→ Common Stock (352,087 underlying)
Footnotes (2)
- [F1]Each restricted stock unit granted on July 1, 2015 represents a right to receive one share of common stock and will vest one-third each year beginning December 31, 2015; the vesting is contingent upon certification by the Compensation Committee of the issuer that the applicable performance condition has been achieved. The performance condition operates on a rolling basis with a catch-up feature for each vesting tranche. Vested shares will be delivered to the reporting person within 90 days after the vesting date.
- [F2]The option vests in three equal (subject to rounding) annual installments beginning July 1, 2016.