Rogers Lawrence J 4
4 · SEALY CORP · Filed Jun 14, 2012
Insider Transaction Report
Form 4
Rogers Lawrence J
President & CEO
Transactions
- Exercise/Conversion
Common Stock
2012-06-12+1,687,092→ 3,602,003 total - Tax Payment
Common Stock
2012-06-12$1.69/sh−680,851$1,150,638→ 2,921,152 total - Exercise/Conversion
Restricted Stock Units 6/12/2009
2012-06-12−1,687,092→ 0 totalExp: 2012-06-12→ Common stock (1,687,092 underlying)
Footnotes (2)
- [F1]On June 12, 2012, 1,687,092 restricted stock units previously granted to the reporting person vested. That vesting was settled with the reporting person receiving 1,006,241 shares of Sealy Corporation common stock and surrendering the other 680,851 shares of Sealy Corporation common stock to Sealy Corporation for the payment of tax liabilities in connection with the vesting.
- [F2]The initial grant was for 4,000,000 restricted stock units with an annual growth rate of 8% until vested. The grant vests on an annual basis over 3 years. As a result of the annual 8% growth rate the grant, if fully vested, will result in 4,689,036 shares of Sealy Corporation common stock