LYON ERVIN F 4
4 · AMERICAN POWER CONVERSION CORPORATION · Filed Jun 30, 2006
Insider Transaction Report
Form 4
LYON ERVIN F
Director
Transactions
- Award
Common Stock
2006-06-30+4,000→ 584,645 total
Holdings
- 76,984(indirect: Footnote)
Common Stock
Footnotes (2)
- [F1]The securities awarded on June 30, 2006 are in the form of restricted stock units (RSUs) issued automatically to non-employee directors pursuant to the American Power Conversion Corporation 2004 Long-Term Incentive Plan that entitle the reporting person to receive one (1) share of common stock per RSU. The restricted stock units will vest, and the underlying common stock issue, ratably over four years. The first tranche of shares will vest on June 30, 2007, with an equal number of shares vesting on June 30, 2008, June 30, 2009 and June 30, 2010.
- [F2]Reflects shares held by a trust in which Dr. Lyon may be deemed to have a pecuniary interest because of certain rights of his daughter under the trust. Dr. Lyon disclaims beneficial ownership of the shares held by such trust.