MORIN GARY E 4
4 · SEALY CORP · Filed Jun 14, 2011
Insider Transaction Report
Form 4
MORIN GARY E
Director
Transactions
- Exercise/Conversion
Restricted Stock Units 6/12/2009
2011-06-12−5,849→ 13,170 totalExp: 2013-06-12→ Common Stock (5,849 underlying) - Exercise/Conversion
Common Stock
2011-06-12+5,849→ 16,257 total
Footnotes (2)
- [F1]On June 12, 2011, 5,849 restricted stock units previously granted to the reporting person vested. That vesting was settled with the reporting person receiving 5,849 shares of Sealy Corporation common stock.
- [F2]The initial grant was for 20,000 restricted stock units with an annual growth rate of 8% until vested. The grant vests on an annual basis over 4 years. As a result of the annual 8% growth rate, the grant, if fully vested, will result in 24, 427 shares of Sealy Corporation common stock.