ROUSSEL DAVID C 4
4 · ENGLOBAL CORP · Filed Jun 22, 2009
Insider Transaction Report
Form 4
ROUSSEL DAVID C
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2009-03-11−3,210→ 3,210 total→ Common Stock (3,210 underlying) - Disposition to Issuer
Common Stock
2009-03-11$3.25/sh−1,605$5,216→ 0 total - Disposition to Issuer
Common Stock
2009-03-11$13.27/sh−1,605$21,298→ 1,605 total - Exercise/Conversion
Common Stock
2009-03-11+3,210→ 3,210 total
Footnotes (3)
- [F1]Each Restricted Stock Unit is the economic equivalent of one share of the issuer's common stock.
- [F2]1,605 Restricted Stock Units vested on September 30, 2008, and 1,605 Restricted Stock Units vested on December 31, 2008. The settlement price for the Restricted Stock Units is determined by the fair market value of the issuer's common stock as of the relevant vesting dates.
- [F3]On August 8, 2008, the reporting person was awarded 6,420 Restricted Stock Units. The Restricted Stock Units vest in four quarterly installments, the first vesting date being September 30, 2008, so long as the reporting person continues to serve as an independent director of the issuer.