Richter Scott James 4
4 · CENTEX CORP · Filed May 15, 2009
Insider Transaction Report
Form 4
CENTEX CORPCTX
Richter Scott James
EVP - Ops Support, Centex
Transactions
- Award
Common Stock
2009-05-13+42,642→ 82,983 total
Footnotes (2)
- [F1]Includes 31,982 shares of restricted stock and a restricted stock unit award for 10,660 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 a restricted stock unit award granted on 5/10/07 for a total of 5,216 units. Each unit will entitle the reporting person to one share of the issuer's common stock upon vesting. 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. 3,478 shares remain unissued under the grant.