SCHOOL SPECIALTY INC 4
4 · SCHOOL SPECIALTY INC · Filed Sep 6, 2012
Insider Transaction Report
Form 4
COLLINS PATRICK TIMOTHY
Senior Vice President, Sales
Transactions
- Award
Stock Option
2012-09-04+75,000→ 75,000 totalExercise: $2.80Exp: 2022-09-04→ Common Stock (75,000 underlying) - Award
Common Stock
2012-09-04+27,500→ 27,500 total - Award
Stock Option
2012-09-04+30,000→ 30,000 totalExercise: $2.80Exp: 2022-09-04→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Grant of restricted stock under the School Specialty, Inc. 2008 Equity Incentive Plan (the "2008 Plan"). One-third of the shares will vest on the each of the first, second and third anniversaries of the grant date.
- [F2]Option granted under the 2008 Plan. One-fourth of the underlying shares will become exercisable on each of the first, second, third and fourth anniversaries of the grant date.
- [F3]Option granted under the 2008 Plan. Vesting of the grant will commence when the Reporting Person accumulates $115,000 in purchased shares. Once that is completed, one-fourth of the underlying shares will become exercisable on the date the Average Trading Price (as defined in the applicable option agreement) equals or exceeds $5.00, and another one-fourth will become exercisable on each of the dates the Average Trading Price equals or exceeds $10.00, $15.00 and $20.00; provided, however, that the option may not be exercised with respect to more than one-third of the underlying shares on each of the first three anniversaries of the date of grant.