MEDFORD EDNA GREENE 4
4 · BORDERS GROUP INC · Filed Apr 3, 2009
Insider Transaction Report
Form 4
MEDFORD EDNA GREENE
Director
Transactions
- Award
Common Stock
2009-04-01$0.63/sh+2,000$1,260→ 22,858 total - Award
Restricted Stock Units
2009-04-01+18,000→ 18,000 total→ Common Stock (18,000 underlying)
Footnotes (2)
- [F1]These shares are unrestricted shares granted under the Borders Group, Inc. 2004 Long-Term Incentive Plan. They constitute a portion of the fees payable for services as a Director during the year 2009.
- [F2]These Restricted Stock Units constitute a portion of the fees payable for services as a Director during the year 2009. Each Restricted Stock Unit represents a contingent right to receive one share of Borders Group, Inc. Common Stock or, in the issuer's discretion, an equivalent value in cash. These Restricted Stock Units were granted under the issuer's 2004 Long-Term Incentive Plan. The restrictions on these Restricted Stock Units are due to lapse on December 31, 2009. Settlement of the Units will be deferred pursuant to a deferral election made by the Director.