SCHULTHEIS ANDREW J 4
4 · STERLING FINANCIAL CORP /WA/ · Filed Jun 11, 2012
Insider Transaction Report
Form 4
SCHULTHEIS ANDREW J
General Counsel
Transactions
- Tax Payment
Common Stock
2012-06-08$18.26/sh−367$6,701→ 2,408 total - Exercise/Conversion
Common Stock
2012-06-08+1,387→ 2,775 total - Exercise/Conversion
Restricted Stock Unit
2012-06-08−1,387→ 2,775 totalExp: 2014-06-08→ Common Stock (1,387 underlying)
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 (June 8, 2011), 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 1,387 shares of common stock pursuant to a restricted stock unit vest on June 8, 2011.