YAHOO INC 4
4 · YAHOO INC · Filed Apr 4, 2016
Insider Transaction Report
Form 4
YAHOO INCYHOO
Scott H Lee Jr
Director
Transactions
- Award
Common Stock
2016-03-31+509→ 15,096 total
Holdings
- 25,000(indirect: By Trust)
Common Stock
Footnotes (1)
- [F1]These shares represent an automatic grant of restricted stock units under the Yahoo! Inc. Directors' Stock Plan (which permits directors to elect to receive payment of quarterly directors' fees in the form of restricted stock units). This grant was made in lieu of cash fees of $18,750.00. Each restricted stock unit represents the right to receive one share of Yahoo! Inc. common stock. These units are fully vested on the date of grant. Vested shares will generally be delivered on the earlier of the date the director's service terminates or the first anniversary of the date of grant, subject to any election by the reporting person to defer payment.