ALLEN JODI 4
4 · SEALY CORP · Filed Oct 16, 2012
Insider Transaction Report
Form 4
ALLEN JODI
Sr VP-Marketing
Transactions
- Tax Payment
Common Stock
2012-10-14$2.21/sh−41,060$90,743→ 328,683 total - Exercise/Conversion
Common Stock
2012-10-14+126,532→ 369,743 total - Exercise/Conversion
Restricted Stock Units
2012-10-14−126,532→ 136,857 totalExp: 2013-10-14→ Common Stock (126,532 underlying)
Footnotes (2)
- [F1]On October 14, 2012, the restrictions lapsed on 126,532 restricted shares of Sealy Corporation common stock. That lapse was settled with the reporting person receiving 85,472 unrestricted shares of Sealy Corporation common stock and surrendering 41,060 shares of Sealy Corporation common stock to Sealy Corporation for the payment of tax liabilities in connection with the lapse.
- [F2]The initial grant was for 400,000 restricted stock units with an annual growth rate of 8% until vested. The grant vests on an annual basis over 4 years. As a results of the 8% growth rate, if fully vested, will results in 488,535 shares of Sealy Corporation common stock.