STURM RUGER & CO INC 4/A
4/A · STURM RUGER & CO INC · Filed Mar 6, 2014
Insider Transaction Report
Form 4/AAmended
Lang Mark
Group Vice President
Transactions
- Exercise/Conversion
Common Stock
2014-03-03$63.74/sh+7,389$470,975→ 10,906 total - Tax Payment
Common Stock
2014-03-03$63.74/sh−3,477$221,624→ 4,205 total - Exercise/Conversion
Common Stock (Right to Buy)
2014-03-03−7,389→ 54,247 totalFrom: 2014-03-01Exp: 2021-11-08→ Common Stock (7,389 underlying) - Award
Common Stock (Right to Buy)
2014-03-03+3,181→ 57,428 totalExercise: $0.00From: 2016-03-05Exp: 2023-03-05→ Common Stock (3,181 underlying)
Footnotes (7)
- [F1]Conversion of restricted stock units upon achievement of time-based vesting requirements, with payroll taxes related to the conversion paid in shares.
- [F2]The balance shown reflects the transfer, since the date of Mr. Lang's last ownership report, of 3,224 shares of Common Stock to his former wife pursuant to a domestic relations order. Mr. Lang no longer reports as beneficially owned any Common Stock held by his former wife.
- [F3]To reflect the correct number of total shares beneficially owned as 4,207 rather than 5,186 in the Form 4 filed on March 6, 2014.
- [F4]Securities converted to Common Stock on a one-to-one basis on the date vested in accordance with the terms of the award.
- [F5]Restricted Stock Units subject to performance-based, time-based and other conditions of the award.
- [F6]Securities convert to Common Stock on a one-to-one basis on the date vested in accordance with the terms of the award.
- [F7]On March 3, 2014, four business days following the release of the Company's 2013 earnings, the performance-based vesting trigger for the performance-based RSUs awarded in 2013 was determined to have been met, and the awards became reportable for Section 16 purposes. The awards remain subject to a three-year cliff vesting trigger which will be satisfied on March 5, 2016. The awards expire no less than 10 years from their date of grant.