NTL INC 4
4 · NTL INC · Filed Jul 11, 2006
Insider Transaction Report
Form 4
NTL INCNTLI
WALL MALCOLM
CEO, Content Division
Transactions
- Award
Stock Option (right to buy)
2006-07-06+42,495→ 42,495 totalExercise: $24.74Exp: 2016-07-05→ Common Stock (42,495 underlying)
Footnotes (2)
- [F1]This option was granted under the Issuer's 2006 Stock Incentive Plan as part of its 2006-2008 long-term incentive program. The Reporting Person was also granted as part of such program 25,948 restricted stock units, the vesting of which is contingent upon (i) satisfaction of performance goals in respect of the period beginning January 1, 2006 and ending December 31, 2008 and (ii) continued employment through the settlement date.
- [F2]This option will vest as to 20% of the shares on January 1, 2007 (the "First Vesting Date") and as to an additional 20% of the shares on each of the next four anniversaries of the First Vesting Date thereafter, until fully vested.