DRESSER SCOTT 4
4 · VIRGIN MEDIA INC. · Filed Mar 6, 2012
Insider Transaction Report
Form 4
DRESSER SCOTT
SECRETARY & GENERAL COUNSEL
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2012-03-04−1,500→ 148,500 totalExercise: $26.79Exp: 2021-01-03→ Common Stock (1,500 underlying)
Footnotes (2)
- [F1]Of an original award of 150,000 performance-related stock options granted to Mr. Dresser on January 4, 2011: a. 28,500 options vested on March 4, 2012; b. 1,500 options were forfeited and cancelled, without consideration, on March 4, 2012 (THIS DISPOSAL IS THEREFORE NOT A SALE OF SHARES TO THE OPEN MARKET); and c. subject to continuous employment and to the achievement of performance conditions to be determined by the Company's Chief Executive Officer and the Company's Compensation Committee, the remaining 120,000 options will vest in equal installments of 30,000 on each of March 4, 2013, 2014, 2015 and 2016
- [F2]Not applicable.