SHENANDOAH TELECOMMUNICATIONS CO/VA/ 4
4 · SHENANDOAH TELECOMMUNICATIONS CO/VA/ · Filed Sep 19, 2007
Insider Transaction Report
Form 4
MACDONALD DAVID K
VP-Operations
Transactions
- Award
Performance Shares
2007-09-17+1,746→ 1,746 totalExp: 2015-09-17→ Common Stock (1,746 underlying)
Footnotes (2)
- [F1]1-for-1
- [F2]Vesting is subject to market and time-based conditions, both of which must be met for vesting to occur. The time-based condition requires that a recipient must remain in the continuous employment of the Company or one of its Affiliates until the date upon which the Performance Shares vest. All of the shares will fully vest on September 17, 2012, 2013, 2014 or 2015 if the average closing price for the common stock for the 30 day period ending on the day prior to such date is greater than or equal to $28.70, $30.34, $31.98, and $33.62 respectively. If the Performance Shares do not vest on or prior to September 17, 2015 they will be forfeited.