BUTTERFIELD ROBERT G 4
4 · STERLING FINANCIAL CORP /WA/ · Filed Dec 16, 2011
Insider Transaction Report
Form 4
BUTTERFIELD ROBERT G
Section 16 Officer
Transactions
- Exercise/Conversion
Common Stock
2011-12-14+2,392→ 2,460 total - Tax Payment
Common Stock
2011-12-14$15.76/sh−820$12,923→ 1,640 total - Exercise/Conversion
Restricted Stock Unit
2011-12-14−2,392→ 4,783 totalExp: 2013-12-14→ Common Stock (2,392 underlying)
Holdings
- 85(indirect: By 401(k))
Common Stock
Footnotes (2)
- [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 2,392 shares of common stock pursuant to a restricted stock unit vest on December 14, 2011.