KEMP MARK D 4
4 · CENTEX CORP · Filed May 15, 2009
Insider Transaction Report
Form 4
CENTEX CORPCTX
KEMP MARK D
SVP & Controller
Transactions
- Award
Common Stock
2009-05-13+26,652→ 55,918 total
Footnotes (2)
- [F1]Includes 19,989 shares of restricted stock and a restricted stock unit award for 6,663 shares, each granted on May 13, 2009. The restricted stock award vests 33 1/3% on 3/31/10, 3/31/11, and 3/31/12; provided that the award is subject to a performance condition that will be evaluated after 3/31/10 that may result in a forfeiture of all or part of the award, and the first vesting is suspended until the determination of the satisfaction with the vesting condition. Each stock unit will entitle the reporting person to one share of the issuer's common stock upon vesting, 33 1/3% on 3/31/10, 3/31/11 and 3/31/12. However, if the announced combination with Pulte Homes, Inc. is consummated, (a) the performance condition on the restricted stock award will be deemed satisfied at target level and (b) the stock unit award will be forfeited.
- [F2]Includes the following restricted stock unit awards, each unit of which will entitle the reporting person to one share of the issuer's common stock upon vesting: (1) a restricted stock unit award granted on 5/10/07 for a total of 2,378 units. 33 1/3% vested on 3/31/08, 33 1/3% vested on 3/31/09, and 33 1/3% will vest on 3/31/10. 793 shares remain unissued under the grant; (2) a restricted stock unit award granted on 10/26/07 for a total of 11,494 units. 25% vested on 10/26/08, 25% will vest on 10/26/09, 25% will vest on 10/26/10, and 25% will vest on 10/26/11. 8,621 shares remain unissued under the grant; and (3) a restricted stock unit award granted on 5/7/08 for a total of 3,692 units. 33 1/3% vested on 3/31/09, 33 1/3% will vest on 3/31/10, and 33 1/3% will vest on 3/31/11. 2,642 shares remain unissued under the grant.