BMC SOFTWARE INC 4
4 · BMC SOFTWARE INC · Filed Jun 13, 2013
Insider Transaction Report
Form 4
Bergdoll Edwin Brian
Sr VP of Sales
Transactions
- Exercise/Conversion
Common Stock
2013-06-10$45.20/sh+623$28,160→ 27,673 total - Exercise/Conversion
Performance-based Market Stock Units
2013-06-10−623→ 2,837 total→ Common Stock (623 underlying)
Footnotes (2)
- [F1]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; provided, that any unvested MSUs after two years rollover and are eligible to vest after three years.
- [F2]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.