MURRAY MICHAEL Q 4
4 · SEALY CORP · Filed Apr 17, 2012
Insider Transaction Report
Form 4
MURRAY MICHAEL Q
Sr. VP & General Counsel
Transactions
- Exercise/Conversion
Common Stock
2012-04-14+33,334→ 320,719 total - Tax Payment
Common Stock
2012-04-14$2.20/sh−11,352$24,974→ 308,719 total - Exercise/Conversion
Restricted Stock Units 4/14/2010
2012-04-14−33,334→ 33,333 totalExp: 2014-04-14→ Common Stock (33,334 underlying)
Footnotes (2)
- [F1]On April 14, 2012, 33,334 restricted stock units previously granted to the reporting person vested. That vesting was settled with the reporting person receiving 21,982 shares of Sealy Corporation common stock and surrendering the other 11,352 shares of Sealy Corporation common stock to Sealy Corporation for the payment of tax liabilities in connection with the vesting.
- [F2]The grant vests on an annual basis of 1/3rd per year over 3 years.