STERLING FINANCIAL CORP /WA/ 4
4 · STERLING FINANCIAL CORP /WA/ · Filed Dec 18, 2013
Insider Transaction Report
Form 4
BUTTERFIELD ROBERT G
Section 16 Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2013-12-16−2,391→ 0 totalExp: 2013-12-14→ Common Stock (2,391 underlying) - Exercise/Conversion
Common Stock
2013-12-16+2,391→ 4,431 total - Tax Payment
Common Stock
2013-12-16$32.93/sh−831$27,365→ 3,600 total
Holdings
- 162(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Represents the vesting of 2,391 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 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.