WALL MALCOLM 4
4 · VIRGIN MEDIA INC. · Filed Mar 5, 2009
Insider Transaction Report
Form 4
WALL MALCOLM
CEO, Content Division
Transactions
- Award
COMMON STOCK
2009-03-03+9,116→ 70,449 total - Disposition to Issuer
COMMON STOCK
2009-03-03−3,738→ 66,711 total
Footnotes (2)
- [F1]The Common Stock acquired represents the vesting of performance-related restricted stock units granted under the Company's 2006/2008 Long Term Incentive Plan, payment of which was made by the issuance of an equal number of shares of Common Stock.
- [F2]Under applicable tax laws, this vesting triggered a tax obligation although no shares were actually sold to the market. To cover the applicable withholding tax, the Company entered into a new issuance transaction with Mr. Wall whereby the Company withheld 3,738 shares with a value equal to the tax obligation. IT SHOULD BE NOTED THAT THESE SHARES WILL BE CANCELLED BY THE COMPANY. THIS TRANSACTION IS NOT A SALE OF SHARES TO THE OPEN MARKET.