BORDERS GROUP INC 4
4 · BORDERS GROUP INC · Filed Jan 3, 2007
Insider Transaction Report
Form 4
MEDFORD EDNA GREENE
Director
Transactions
- Award
Restricted Share Units
2007-01-02+2,013→ 2,378 total→ Common Stock (2,013 underlying) - Award
Common Stock
2007-01-02$22.35/sh+224$5,006→ 11,871 total
Footnotes (2)
- [F1]These shares are Restricted Shares granted under the issuer's 2004 Long-Term Incentive Plan. They constitute a portion of the fees payable for services as a Director during the year 2007. The restrictions on these shares are due to lapse on December 31, 2007.
- [F2]These Restricted Share Units constitute a portion of the fees payable for services as a Director during the year 2007. Each Restricted Share Unit represents a contingent right to receive one share of Borders Group, Inc. Common Stock. These Restricted Share Units were granted under the issuer's 2004 Long-Term Incentive Plan. The restrictions on these Restricted Share Units are due to lapse on December 31, 2007. In accordance with the Director's elections to defer receipt for a period of time, the shares (or, in the issuer's discretion, an equivalent value in cash) will be delivered when the deferral period ends.