Ellenthal Andy 4
4 · Digital Generation, Inc. · Filed Jun 13, 2012
Insider Transaction Report
Form 4
Ellenthal Andy
EVP-Global Sales & Operations
Transactions
- Award
Restricted Stock Units
2012-06-11+100,000→ 100,000 total→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]Restricted Stock Units ("RSU's") were granted to the Reporting Person pursuant to the Company's 2011 Incentive Award Plan for purposes of incentivizing long term performance and retention. Each RSU represents a contingent right to receive one share of DG common stock.
- [F2]The RSUs vest and will be converted into shares of common stock at the rate of one-fourth on each of July 30, 2012 and April 30, 2013, 2014 and 2015. In addition, RSUs shall vest on an accelerated basis upon the occurrence of any of the following events; (a) a termination of the Grantee's employment by the Company without Cause (as such term is defined in the Grantee's employment agreement), or (b) a termination of the Grantee's employment for Good Reason (as such term is defined in the Grantee's employment agreement).