Elish Herbert 4
4 · HAMPSHIRE GROUP LTD · Filed Nov 12, 2009
Insider Transaction Report
Form 4
Elish Herbert
Director
Transactions
- Award
Common Stock
2009-11-09+20,000→ 20,000 total
Footnotes (1)
- [F1]Restricted shares awarded pursuant to the Hampshire Group, Limited (the "Company") 2009 Equity Incentive Plan for services as a director. 2,000 of the restricted shares will be subject to time-based vesting while 18,000 of the restricted shares will be subject to performance-based vesting. With respect to time-based vesting, the shares will vest ratably on each March 31 of 2010 through 2013, subject to the grantee's continued service with the Company. With respect to performance-based vesting, 25% of the shares will vest ratably on each March 31 of 2011 through 2014, provided that, as of each such vesting date, the Company's consolidated return on operating income for the preceding fiscal year has reached specified targets.