Desravines Jean S. 4
4 · Houghton Mifflin Harcourt Co · Filed Jun 4, 2019
Insider Transaction Report
Form 4
Desravines Jean S.
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-05-31−12,500→ 0 total→ Common Stock (12,500 underlying) - Award
Phantom Stock
2019-05-31+12,500→ 12,500 total→ Common Stock (12,500 underlying) - Award
Restricted Stock Units
2019-05-31+15,071→ 15,071 total→ Common Stock (15,071 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]This grant of restricted stock units will vest on May 31, 2020, subject to continued service on the Company's board of directors through such vesting date.
- [F3]Upon the vesting of the restricted stock units granted to the reporting person on May 31, 2018, the reporting person deferred the receipt of 12,500 shares of common stock and received instead 12,500 shares of phantom stock pursuant to the Company's Non-Employee Director Deferred Compensation Plan. The phantom stock becomes payable on May 31, 2022 (or, upon separation from service, at such earlier settlement date determined in accordance with the Company's Non-Employee Director Deferred Compensation Plan).