DRESSER SCOTT 4
4 · VIRGIN MEDIA INC. · Filed Feb 27, 2012
Insider Transaction Report
Form 4
DRESSER SCOTT
SECRETARY & GENERAL COUNSEL
Transactions
- Tax Payment
COMMON STOCK
2012-02-23$25.00/sh+10,149$253,725→ 20,471 total - Award
COMMON STOCK
2012-02-23$25.00/sh+19,517$487,925→ 30,620 total
Footnotes (2)
- [F1]The common stock acquired represents the vesting of performance-related restricted stock units granted under the Company's 2009/2011 Long Term Incentive Plan, settlement of which was made by the issuance of an equal number of shares of common stock.
- [F2]Under applicable tax laws, this vesting triggered a tax obligation. To cover the applicable withholding tax, the Company entered into a net issuance transaction with Mr. Dresser whereby the Company withheld 10,149 shares with a value equal to his tax obligations. THIS TRANSACTION IS NOT A SALE OF SHARES TO THE OPEN MARKET.