4//SEC Filing
SZYMANSKI RICHARD T 4
Accession 0001123292-12-000364
CIK 0001342126other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 4:08 PM ET
Size
7.0 KB
Accession
0001123292-12-000364
Insider Transaction Report
Form 4
SZYMANSKI RICHARD T
CFO and Secretary
Transactions
- Award
OPP Award
2012-02-22+78,750→ 78,750 total→ Common Stock (78,750 underlying)
Footnotes (2)
- [F1]On February 22, 2012, Morgans Hotel Group Co. (the "Company"), Morgans Group LLC (the operating company and a subsidiary of the Company) and Mr. Szymanski entered into an outperformance award agreement (the "Outperformance Award Agreement"). Pursuant to the Outperformance Award Agreement, Mr. Szymanski was issued 78,750 outperformance long-term incentive units (the "OPP LTIP Units") in Morgans Group LLC. The OPP LTIP Units are a new series of long-term incentive units (membership interests) in Morgans Group LLC and are subject to vesting on the third anniversary of March 20, 2011 (the "Effective Date") (or earlier in the event of a change of control) and the achievement of certain performance targets (based on stock price appreciation plus dividends). [footnote cont'd]
- [F2][footnote cont'd] The number of OPP LTIP Units is subject to adjustment upon vesting, such that Mr. Szymanski may be required to forfeit some of the OPP LTIP Units or may be granted additional OPP LTIP Units, depending on the achievement of performance targets and the value of the Company's common stock at such time. The OPP LTIP Units may be settled in cash or equity at the option of the Company. The OPP LTIP Units are subject to the terms and conditions of (i) the Company's Amended and Restated 2007 Omnibus Incentive Plan, as amended, (ii) the Amended and Restated Limited Liability Company Agreement, as amended, of Morgans Group LLC, and (iii) Mr. Szymanski's employment agreement.
Documents
Issuer
Morgans Hotel Group Co.
CIK 0001342126
Entity typeother
Related Parties
1- filerCIK 0001268570
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 4:08 PM ET
- Size
- 7.0 KB