WABCO Holdings Inc. 4
4 · WABCO Holdings Inc. · Filed Mar 24, 2016
Insider Transaction Report
Form 4
GROSS THOMAS
Director
Transactions
- Award
Common Stock
2016-03-22+474→ 474 total
Footnotes (1)
- [F1]The deferred stock units were granted as the reporting person's initial retainer. The deferred stock units equal the amount of the retainer ($50,000) divided by the closing price of WABCO Holding Inc.'s ("WABCO") common stock on the trading day preceding the grant date. Each whole deferred stock unit represents a contingent right to receive one share of WABCO common stock. The deferred stock units are 100% vested upon grant and shall be distributed in shares of common stock as soon as practicable following the earliest to occur of: (i) the reporting person's death or Disability as defined in the Award Agreement; (ii) a "Change in Control" as defined in the Omnibus Incentive Plan; (iii) the reporting person's "separation from service" (as defined under applicable tax rules) from WABCO; (iv) 13 months after the grant date; or (v) if elected by the reporting person, an "optional payment date" which may not be earlier than five years and one month after the grant date.