CIBER INC 4
4 · CIBER INC · Filed Jan 5, 2016
Insider Transaction Report
Form 4
CIBER INCCBR
Piermarini Tina M
EVP Chief Administrative Offic
Transactions
- Exercise/Conversion
Restricted Stock Unit
2015-12-31−12,500→ 392,599 totalFrom: 2015-12-31→ Common Stock, $.01 par value (12,500 underlying) - Tax Payment
Common Stock, $.01 par value
2015-12-31$3.51/sh−3,418$11,997→ 84,029 total - Exercise/Conversion
Common Stock, $.01 par value
2015-12-31+12,500→ 87,447 total
Footnotes (5)
- [F1]Represents shares acquired upon release of restricted stock units.
- [F2]Represents shares withheld from the released restricted stock units for the payment of applicable income and payroll withholding taxes due on release.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of CIBER, Inc. common stock.
- [F4]The inducement grant of 150,000 RSUs (the "Inducement Grant"), was made to Ms. Piermarini in agreement with her appointment as EVP & CAO. The RSUs will vest quarterly, beginning with an initial installment that will vest on the date of grant, a second installment that will vest at the end of the first month and continue for a period of 30 months.
- [F5]RSU converts to common stock over 3 year life (per vesting schedule)