Houghton Mifflin Harcourt Co 4
4 · Houghton Mifflin Harcourt Co · Filed Jun 2, 2017
Insider Transaction Report
Form 4
Novak E Rogers JR
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-05-31−4,942→ 0 total→ Common Stock (4,942 underlying) - Award
Phantom Stock
2017-05-31+4,942→ 4,942 total→ Common Stock (4,942 underlying) - Award
Restricted Stock Units
2017-05-31+6,883→ 6,883 total→ Common Stock (6,883 underlying)
Footnotes (3)
- [F1]Each restricted stock unit and each share of phantom stock represents a contingent right to receive one share of Houghton Mifflin Harcourt Company's (the "Company") common stock.
- [F2]Upon the vesting of the restricted stock units granted to the reporting person on May 31, 2016, the reporting person deferred the receipt of 4,942 shares of common stock and received instead 4,942 shares of phantom stock pursuant to the Company's Non-Employee Director Deferred Compensation Plan. The phantom stock becomes payable on May 31, 2019 (or, upon separation from service, at such earlier settlement date determined in accordance with the Company's Non-Employee Director Deferred Compensation Plan).
- [F3]This grant of restricted stock units will vest on May 31, 2018, subject to continued service on the Company's board of directors through such vesting date, with settlement of the restricted stock units to be deferred until separation from service as determined in accordance with the Company's Non-Employee Director Deferred Compensation Plan.