Bachicha Louis R 4
4 · SEALY CORP · Filed Jun 14, 2011
Insider Transaction Report
Form 4
Bachicha Louis R
Executive VP, Sales
Transactions
- Tax Payment
Common Stock
2011-06-12$2.30/sh−114,267$262,814→ 355,886 total - Exercise/Conversion
Common Stock
2011-06-12+292,465→ 450,791 total - Exercise/Conversion
Restricted Stock Units 6/12/2009
2011-06-12−292,465→ 658,205 totalExp: 2013-06-12→ Common stock (292,465 underlying)
Footnotes (2)
- [F1]On June 12, 2011, 292,465 restricted stock units previously granted to the reporting person vested. That vesting was settled with the reporting person receiving 197,560 shares of Sealy Corporation common stock and surrendering the other 94,905 shares of Sealy Corporation common stock to Sealy Corporation for the payment of tax liabilities in connection with the vesting.
- [F2]The initial grant was for 1,000,000 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 1,221,070 shares of Sealy Corporation common stock