4//SEC Filing
Sadek Zachary F 4
Accession 0001104659-10-027704
CIK 0001045150other
Filed
May 10, 8:00 PM ET
Accepted
May 11, 5:19 PM ET
Size
6.1 KB
Accession
0001104659-10-027704
Insider Transaction Report
Form 4
Sadek Zachary F
Director
Transactions
- Award
Cash-Settled Restricted Stock Units
2010-05-11+9,000→ 9,000 totalFrom: 2011-05-11Exp: 2011-05-11→ Common Stock (9,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit is the economic equivalent of one share of Tier Technologies, Inc. common stock.
- [F2]One year cliff vesting.
- [F3]All proceeds from the exercise of the cash-settled restricted stock units are payable to investment funds affiliated with Giant Investments LLC pursuant to a contractual obligation of Mr. Sadek to assign any fees received for service as a director of Tier Technologies, Inc.
Documents
Issuer
TIER TECHNOLOGIES INC
CIK 0001045150
Entity typeother
Related Parties
1- filerCIK 0001460588
Filing Metadata
- Form type
- 4
- Filed
- May 10, 8:00 PM ET
- Accepted
- May 11, 5:19 PM ET
- Size
- 6.1 KB