CHRISTIAN MARTYN D 4
4 · FILENET CORP · Filed Jun 16, 2006
Insider Transaction Report
Form 4
FILENET CORPFILE
CHRISTIAN MARTYN D
Exec. Vice Pres. and CMO
Transactions
- Award
Restricted Stock Units
2006-06-15+35,000→ 35,000 total→ Common Stock (35,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a right to receive one (1) share of Issuer's Common Stock.
- [F2]The RSUs vest based upon achievement by the Issuer of pre-established financial performance criteria as certified by the Compensation Committee. Vesting is conditioned upon the Reporting Person's continued employment through the last day of the performance period. A maximum of 35,000 RSUs may vest in fiscal 2007. To the extent the RSUs do not vest they are automatically forfeited. The underlying securities are issuable upon or following vesting or if elected by the Reporting Person upon the Reporting Person's termination of service with the Issuer
- [F3]The RSUs vest based upon achievement by the Issuer of pre-established financial performance criteria as certified by the Compensation Committee. Vesting is conditioned upon the Reporting Person's continued employment through the last day of the performance period. A maximum of 35,000 RSUs may vest in fiscal 2008. To the extent the RSUs do not vest they are automatically forfeited. The underlying securities are issuable upon or following vesting or if elected by the Reporting Person upon the Reporting Person's termination of service with the Issuer.