MADSEN DENNIS F 4
4 · WEST MARINE INC · Filed May 17, 2013
Insider Transaction Report
Form 4
WEST MARINE INCWMAR
MADSEN DENNIS F
Director
Transactions
- Award
Non-Qualified Stock Option
2013-05-16+4,664→ 6,691 totalExercise: $12.34From: 2013-05-17Exp: 2019-05-17→ Common Stock (4,664 underlying) - Award
Restricted Stock Units
2013-05-16+4,053→ 4,053 total
Holdings
- 7,831
Common Stock
Footnotes (3)
- [F1]All Restricted Stock Units vest on the earlier of May 16, 2014 or the date of West Marine's 2014 Annual Meeting of Stockholders.
- [F2]This award was issued pursuant to the terms of the West Marine, Inc. Omnibus Equity Incentive Plan.
- [F3]This award was issued pursuant to the terms of the West Marine, Inc. Omnibus Equity Incentive Plan. As disclosed in West Marine's proxy statement for its 2013 Annual Meeting of Stockholders, Mr. Madsen was the only director in 2012 to elect to receive part of his annual equity grant in the form of stock options and he was inadvertently issued less stock options than was appropriate. As a result, the West Marine board of directors approved this grant of stock options.