CONLEY LARRY A 4
4 · STERLING FINANCIAL CORP /WA/ · Filed Dec 16, 2010
Insider Transaction Report
Form 4
CONLEY LARRY A
President - INTERVEST
Transactions
- Tax Payment
Common Stock
2010-12-14$16.39/sh−203$3,327→ 491 total - Exercise/Conversion
Common Stock
2010-12-14+572→ 694 total - Award
Restricted Stock Unit
2010-12-14+2,288→ 2,288 totalExp: 2010-12-14→ Common Stock (2,288 underlying) - Exercise/Conversion
Restricted Stock Unit
2010-12-14−572→ 1,716 totalExp: 2010-12-14→ Common Stock (572 underlying)
Holdings
- 124(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock. 25% of the restricted stock units vest immediately upon grant (December 14, 2010), 25% of the restricted stock units are scheduled to vest each year over the next 3 years on the grant's anniversary date (totaling 75% over the 3 year time period), subject to the reporting person's continued employment with the Company on such date.
- [F2]Represents the vesting and settlement of 572 shares of common stock pursuant to a restricted stock unit on December 14, 2010.
- [F3]Reflects the shares withheld by the Company for the payment of the employee's withholding taxes due upon the vesting described in Footnote 2.