MURRAY MICHAEL Q 4
4 · SEALY CORP · Filed Jun 14, 2012
Insider Transaction Report
Form 4
MURRAY MICHAEL Q
Sr. VP & General Counsel
Transactions
- Tax Payment
Common Stock
2012-06-12$1.69/sh−76,987$130,108→ 468,979 total - Exercise/Conversion
Common Stock
2012-06-12+237,247→ 545,966 total - Exercise/Conversion
Restricted Stock Units 6/12/2009
2012-06-12−237,247→ 256,607 totalExp: 2013-06-12→ Common stock (237,247 underlying)
Footnotes (2)
- [F1]On June 12, 2012, 237,247 restricted stock units previously granted to the reporting person vested. That vesting was settled with the reporting person receiving 160,260 shares of Sealy Corporation common stock and surrendering the other 76,987 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 750,000 restricted stock units with an annual growth rate of 8% until vested. The grant vests on an annual basis over 4 years. As a result of the annual 8% growth rate the grant, if fully vested, will result in 916,002 shares of Sealy Corporation common stock