STERLING FINANCIAL CORP /WA/ 4
4 · STERLING FINANCIAL CORP /WA/ · Filed Jun 12, 2013
Insider Transaction Report
Form 4
SCHULTHEIS ANDREW J
General Counsel
Transactions
- Exercise/Conversion
Common Stock
2013-06-10+1,388→ 4,694 total - Exercise/Conversion
Restricted Stock Unit
2013-06-10−1,388→ 1,387 totalFrom: 2013-06-08Exp: 2014-06-08→ Common Stock (1,388 underlying) - Tax Payment
Common Stock
2013-06-10$22.13/sh−380$8,409→ 4,314 total
Holdings
- 1,008
Common Stock (ESPP)
Footnotes (3)
- [F1]Represents the vesting of 1,388 restricted stock units.
- [F2]Shares withheld by Registrant to satisfy minimum withholding requirements on vesting of restricted stock units.
- [F3]Each restricted stock unit represents the right to receive one share of common stock upon vesting of that unit. 25% of the restricted stock units vested immediately upon grant (June 8, 2011), 25% of the restricted stock units are scheduled to vest each year for a 3 year period on the grant's anniversary date (totaling 75% over the 3 year time period), subject to the reporting person's continued employment on the applicable vesting date.