GLOBAL POWER EQUIPMENT GROUP INC. 4
4 · GLOBAL POWER EQUIPMENT GROUP INC. · Filed Dec 11, 2015
Insider Transaction Report
Form 4
HOLMES CRAIG E
Senior Vice President, Finance
Transactions
- Award
Common Stock, $0.01 par value per share
2015-12-09+40,000→ 80,000 total
Footnotes (1)
- [F1]Restricted share units granted under the Inducement Restricted Share Unit Agreement between Global Power Equipment Group Inc. and Mr. Holmes, dated as of September 24, 2015. Of the restricted share units, each of which represents the right to receive one share of common stock of Global Power Equipment Group Inc., 13,334, 13,333 and 13,333 will vest on March 31 of each of 2016, 2017 and 2018, respectively, subject to continued employment through the vesting date. These restricted share units were previously granted by the Board of Directors as performance-based restricted share units and on December 9, 2015 were converted to time-based restricted share units. Any units that do not vest will be forfeited.