SL INDUSTRIES INC 4
4 · SL INDUSTRIES INC · Filed Mar 14, 2016
Insider Transaction Report
Form 4
Belardi Louis J
CFO, Secretary & Treasurer
Transactions
- Exercise/Conversion
Common Stock
2016-03-10+1,998→ 1,998 total - Exercise/Conversion
Restricted Stock Units
2016-03-10−1,998→ 0 total→ Common Stock (1,998 underlying) - Award
Restricted Stock Units
2016-03-10+2,273→ 2,273 total→ Common Stock (2,273 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a right to receive, at settlement, one share of SLI common stock.
- [F2]This transaction represents the settlement of restricted stock units in shares of common stock upon the satisfaction of specified performance targets.
- [F3]On March 5, 2013, the reporting person was granted 3,944 restricted stock units. As to this grant, a portion of the restricted stock units vested upon the satisfaction of specified performance targets determined prior to March 15, 2016, based upon the audited financial statements for 2013 through 2015, and the unvested portion of the restricted stock units were forfeited.
- [F4]The restricted stock units, or a portion thereof, vest upon the satisfaction of specified performance targets, to be determined by March 15, 2019, based upon the audited financial statements for 2016 through 2018, subject to the conditions and requirements in the restricted stock unit grant letter.