4//SEC Filing
Capogrossi John 4
Accession 0001006269-12-000017
CIK 0001006269other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 1:46 PM ET
Size
10.0 KB
Accession
0001006269-12-000017
Insider Transaction Report
Form 4
Capogrossi John
VP and Controller
Transactions
- Disposition to Issuer
Common Stock
2012-06-11$58.70/sh−66$3,874→ 7,803 total - Exercise/Conversion
Restricted Stock Units
2012-06-11−66→ 0 totalExercise: $0.00From: 2012-06-11Exp: 2016-06-30→ Common Stock (66 underlying) - Exercise/Conversion
Common Stock
2012-06-11+66→ 7,869 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 June 11, 2012, the date of vesting. In addition, in connection with the settlement of the reporting person's Restricted Stock Units, the reporting person received a payment of $13.60 per unit. This payment was the result of an equitable adjustment to the RSUs in the form of a dividend equivalent right effected in connection with the payment in April 2012 by the Company to shareholders of a special dividend of $13.60 per share of Common Stock.
- [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
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 1:46 PM ET
- Size
- 10.0 KB