PUNAL FRANCISCO V 4
4 · HEARUSA INC · Filed Jul 1, 2009
Insider Transaction Report
Form 4
HEARUSA INCEAR
PUNAL FRANCISCO V
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2009-06-29+45,000→ 45,000 total→ Common Stock (45,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of HearUSA, Inc. common stock.
- [F2]The restricted stock units were awarded on June 29, 2009 under the HearUSA, Inc. Amended and Restated 2007 Incentive Compensation Plan in a transaction exempt under Rule 16b-3 and vest in three equal annual installments once performance criteria are met (i.e., February 2010, February 2011 and February 2012).
- [F3]The 45,000 restricted stock units are subject to forfeiture depending upon achievement in 2009 of performance criteria established by the Compensation Committee.