ULLMAN GARY W 4
4 · Steel Excel Inc. · Filed Oct 12, 2011
Insider Transaction Report
Form 4
Steel Excel Inc.ADPT
ULLMAN GARY W
Director
Transactions
- Award
Common Stock
2011-10-10$0.00/sh+1,625$2→ 1,625 total - Award
Non-Qualified Stock Option (right to buy)
2011-10-10−3,250→ 3,250 totalExercise: $25.85From: 2012-10-10Exp: 2021-10-10→ Common Stock (3,250 underlying)
Footnotes (2)
- [F1]Represents an award of Restricted Stock Units from the Issuer's 2006 Director Plan for 1,625 shares of common stock that would vest with respect to 33.33% of the shares on October 10, 2012 and 8.33% of the shares quarterly thereafter, such that the award is fully vested on October 10, 2014.
- [F2]A total of 3,250 of Non-Qualified Stock Options were granted on October 10, 2011 from the Issuer's 2006 Director Plan. The option shall vest at a rate of 33.33% of the shares on October 10, 2012 and 8.33% of the shares quarterly thereafter, such that the total option shares will be fully vested on October 10, 2014.