STERLING FINANCIAL CORP /WA/ 4
4 · STERLING FINANCIAL CORP /WA/ · Filed Mar 17, 2014
Insider Transaction Report
Form 4
SCHULTHEIS ANDREW J
General Counsel
Transactions
- Exercise/Conversion
Restricted Stock Unit
2014-03-13−1,236→ 2,473 totalExp: 2016-03-13→ Common Stock (1,236 underlying) - Exercise/Conversion
Common Stock
2014-03-13+1,236→ 5,211 total - Tax Payment
Common Stock
2014-03-13$33.03/sh−339$11,197→ 3,975 total
Footnotes (2)
- [F1]Represents the vesting and settlement of 1,236 shares of Sterling common stock pursuant to restricted stock units vested on March 13, 2014.
- [F2]Each restricted stock unit represented a contingent right to receive one share of Sterling common stock originally granted on March 13, 2012. 25% of the restricted stock units vested on March 13, 2014. The remaining 50% of the restricted stock units are scheduled to vest 25% each year of the next two years on the grant anniversary date.