DEVABHAKTUNI SAI S 4
4 · LORAL SPACE & COMMUNICATIONS INC. · Filed May 25, 2011
Insider Transaction Report
Form 4
DEVABHAKTUNI SAI S
Director
Transactions
- Award
Restricted Stock Units
2011-05-24+2,000→ 2,000 total→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]ach restricted stock unit has a value equal to one share of Loral voting common stock, par value $0.01 per share (the "Stock"), and generally provides the recipient with the right to receive one share of Stock or cash equal to one share of Stock, at the option of the Company, on the settlement date.
- [F2]The restricted stock units vest in two equal annual installments beginning on May 24, 2012, provided the grantee remains a director through the applicable vesting date. Vested shares (or cash equal to the value of such shares, in the Company's discretion) will be delivered to the grantee on the earliest of (a) the date of the grantee's death; (b) the date the grantee undergoes a Separation from Service with the Company (as defined in the applicable treasury regulations) and (c) the date of consummation of a Change of Control (as defined in the applicable treasury regulations).