Morgans Hotel Group Co. 4
4 · Morgans Hotel Group Co. · Filed May 18, 2016
Insider Transaction Report
Form 4
Cruse Kenneth Edward
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2016-05-17+47,169→ 64,464 total
Footnotes (1)
- [F1]Represents restricted stock units issued to the reporting person as an annual retainer fee pursuant to the Company's Director Compensation Policy, which has previously been approved by the Company's Board of Directors. The restricted stock units, once vested, will settle in shares of Company common stock and are subject to the terms and conditions of the Morgans Hotel Group Co. Amended and Restated 2007 Omnibus Incentive Plan, as amended, and vest on May 12, 2017, unless, (i) in certain circumstances, the reporting person departs the Company prior to such date, in which case the restricted stock units will vest pro rata on the date of such departure, or (ii) upon a corporate transaction, as defined under the Amended and Restated 2007 Omnibus Incentive Plan, in which case the restricted stock units will be deemed to have fully vested immediately prior to the corporate transaction if not otherwise assumed or substituted pursuant to the corporate transaction.