DRESSER SCOTT 4
4 · VIRGIN MEDIA INC. · Filed Nov 10, 2011
Insider Transaction Report
Form 4
DRESSER SCOTT
SECRETARY & GENERAL COUNSEL
Transactions
- Exercise/Conversion
Stock Option (Right To Buy)
2011-11-09−20,316→ 30,474 totalExercise: $8.73Exp: 2019-11-06→ Common Stock (20,316 underlying) - Tax Payment
COMMON STOCK
2011-11-09$23.63/sh−14,168$334,790→ 14,177 total - Exercise/Conversion
COMMON STOCK
2011-11-09$8.73/sh+20,316$177,359→ 28,345 total
Footnotes (3)
- [F1]These options vested as to 10,158 shares on each of January 1, 2010 and January 1, 2011. The remaining 30,474 options will vest in equal installments on each of January 1, 2012, 2013 and 2014.
- [F2]The company entered into a net issuance transaction with Mr. Dresser whereby the company withheld 14,168 shares with a value equal to the aggregate option cost and tax obligation triggered by the stock option transaction reported above. THIS IS NOT A SALE OF SHARES TO THE OPEN MARKET; THESE SHARES WILL BE CANCELLED BY THE COMPANY.
- [F3]Not Applicable.