Berg Helmut K 4
4 · JDS UNIPHASE CORP /CA/ · Filed Jun 21, 2007
Insider Transaction Report
Form 4
Berg Helmut K
Executive Vice President
Transactions
- Award
Restricted Stock Unit
2007-06-20+5,625→ 5,625 totalExercise: $0.00→ Common Stock (5,625 underlying) - Award
Restricted Stock Unit
2007-06-20+17,500→ 17,500 totalExercise: $0.00→ Common Stock (17,500 underlying)
Footnotes (3)
- [F1]Each unit converts upon vesting to a right to receive one share of JDSU common stock. Units vest at the rate of 1/3rd of the total grant each year for three years from the date of grant.
- [F2]The Restricted Stock Unit award is earned and vests subject to the achievement of certain performance criteria. The number of units earned will be determined at the first meeting of the full Board of Directors following the release of the Company?s financial results for Fiscal Year 2008. Should the performance criteria be achieved, 1/3rd of the earned units will vest upon the above determination date, with an additional 1/3rd vesting each of the two years following the determination date. Each earned unit converts upon vesting to a right to receive one share of JDSU common stock.
- [F3]The restricted stock unit converts to common stock upon the vest date.