CLOLERY DENISE M 4
4 · BMC SOFTWARE INC · Filed Dec 8, 2010
Insider Transaction Report
Form 4
CLOLERY DENISE M
Sr VP, Gen Counsel & Secretary
Transactions
- Award
Performance-based Market Stock Units
2010-12-06+8,923→ 8,923 totalExercise: $0.00→ Common Stock (8,923 underlying) - Award
Common Stock
2010-12-06+9,007→ 111,969 total
Footnotes (3)
- [F1]Award of time-based restricted stock units under BMC Software, Inc. 2007 Employee Incentive Plan. The time-based restricted stock units shall vest based on continuous employment, 1/3 per year over three years.
- [F2]Each performance-based market stock unit (MSU) represents the right to receive, following vesting, up to 150% of one share of BMC common stock. The actual number of shares of BMC common stock acquired upon vesting of the performance-based MSUs can range from 0% to 150% of the number of MSUs awarded and is contingent upon the achievement of pre-established performance metrics, as approved by BMC's Compensation Committee. One half of the performance-based MSUs are subject to vesting two years after the award date, and one half are subject to vesting three years after the award date.
- [F3]Unless earlier forfeited under the terms of the performance-based MSU award agreement, each performance-based MSU converts into up to 150% of one share of BMC common stock based upon performance vesting. One half of the performance-based MSUs will vest based upon performance over a two year period ending two years after the award date, and one half of the performance-based MSUs will vest based upon performance over a three year period ending three years after the award date.