ALLEN JODI 4
4 · SEALY CORP · Filed Oct 14, 2011
Insider Transaction Report
Form 4
ALLEN JODI
Sr VP-Marketing
Transactions
- Tax Payment
Common Stock
2011-10-14$1.47/sh−37,962$55,804→ 174,602 total - Exercise/Conversion
Common Stock
2011-10-14+116,986→ 212,564 total - Exercise/Conversion
Restricted Stock Units
2011-10-14−116,986→ 263,389 totalExp: 2013-10-14→ Common Stock (116,986 underlying)
Footnotes (2)
- [F1]On April 14, 2011, the restrictions lapsed on 116,986 restricted shares of Sealy Corporation common stock. That lapse was settled with the reporting person receiving 79,024 unrestricted shares of Sealy Corporation common stock and surrendering 37,962 shares of Sealy Corporation common stock to Sealy Corporation for the payment of tax liabilities in connection with the lapse.
- [F2]The initial grant was for 400,000 restricted stock units with an annual growth rate of 8% until vested. The grant vests on an annual basis over 4 years. As a results of the 8% growth rate, if fully vested, will results in 488,535 shares of Sealy Corporation common stock.