4//SEC Filing
ISLE OF CAPRI CASINOS INC 4
Accession 0001127602-15-017328
CIK 0000863015operating
Filed
May 13, 8:00 PM ET
Accepted
May 14, 5:17 PM ET
Size
13.4 KB
Accession
0001127602-15-017328
Insider Transaction Report
Form 4
MCDOWELL VIRGINIA
President
Transactions
- Exercise/Conversion
Common Stock
2015-04-26+792,692→ 1,051,098 total - Tax Payment
Common Stock
2015-04-26$14.95/sh−180,279$2,695,171→ 870,819 total - Exercise/Conversion
Restricted Stock Units (Performance Award)
2015-04-26−545,455→ 0 total→ Common Stock (545,455 underlying) - Award
Common Stock
2015-04-27+39,246→ 910,065 total - Award
Stock Options (Right to Buy)
2015-04-27+141,647→ 141,647 totalExercise: $14.86Exp: 2022-04-27→ Common Stock (141,647 underlying)
Footnotes (5)
- [F1]Reflects the conversion to shares of Company common stock of previously awarded restricted stock units ("RSUs"). The number of RSUs earned was determined based on the average of the closing market prices of the Company's common stock for the ninety (90) calendar day period ending on April 26, 2015, and was further contingent upon the Company achieving a threshold level of total shareholder return over the measurement period relative to certain other regional gaming companies. Fifty percent (396,346 shares) of the total earned RSUs vested on April 26, 2015 (i.e., the last day of the measurement period) and the remaining fifty percent (396,346 shares) shall become vested on April 26, 2016 (i.e., the one year thereafter).
- [F2]Shares of Company common stock withheld by Company to pay participant tax liability.
- [F3]Each RSU represents a contingent right to receive one share of Company common stock upon vesting. The RSUs vest ratably over three years beginning on April 27, 2016.
- [F4]Participant previously reported the acquisition of 545,455 RSUs based on the assumption of the share price at the end of the measurement period reaching target level. However, the share price at the end of the measurement period exceeded the target level and the participant earned 792,692 RSUs. Accordingly, the amount previously reported did not include 247,237 earned and unvested RSUs. All earned RSUs were disposed of and converted into shares of Company common stock. See footnote 1.
- [F5]The Stock Options vest and become exercisable ratably over five years beginning on April 27, 2016.
Documents
Issuer
ISLE OF CAPRI CASINOS INC
CIK 0000863015
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000863015
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 5:17 PM ET
- Size
- 13.4 KB