4//SEC Filing
Capogrossi John 4
Accession 0001006269-12-000002
CIK 0001006269other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 3:20 PM ET
Size
9.6 KB
Accession
0001006269-12-000002
Insider Transaction Report
Form 4
Capogrossi John
VP and Controller
Transactions
- Disposition to Issuer
Common Stock
2012-03-12$75.64/sh−62$4,690→ 0 total - Exercise/Conversion
Restricted Stock Units
2012-03-12−62→ 66 totalExercise: $0.00From: 2012-03-12Exp: 2016-06-30→ Common Stock (62 underlying) - Exercise/Conversion
Common Stock
2012-03-12+62→ 62 total
Footnotes (3)
- [F1]The reporting person was granted Restricted Stock Units for no consideration.
- [F2]The fair market value was determined using the average of the high and low price of the Common Stock on March 13, 2012, the date of vesting.
- [F3]Vesting of the RSUs requires the satisfaction of two conditions: a time-based vesting condition and a stock price vesting condition. No vesting will occur unless both vesting conditions are satisfied. The time-based vesting condition has the following vesting schedule: 25% vest immediately upon grant and 6-1/4% vest over each of the next twelve quarters on the second Monday of each September, December, March and June, through June 11, 2012, provided the recipient remains employed on each vesting date. The stock price vesting condition will be satisfied only when the average closing price of the Common Stock over a period of 20 consecutive trading days is at or above $45 during the period commencing on the grant date and ending on June 30, 2016. The time-based vesting condition is subject to full or partial acceleration upon death, disability or termination of employment without cause, and upon a change of control of Loral. The RSUs expire on June 30, 2016.
Documents
Issuer
LORAL SPACE & COMMUNICATIONS INC.
CIK 0001006269
Entity typeother
Related Parties
1- filerCIK 0001423524
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 3:20 PM ET
- Size
- 9.6 KB