Collins Steve 4
4 · KNIGHT TRANSPORTATION INC · Filed Nov 3, 2009
Insider Transaction Report
Form 4
Collins Steve
Controller
Transactions
- Exercise/Conversion
Stock Grant
2009-10-30$16.04/sh+20,000$320,800→ 0 totalExercise: $16.04From: 2011-01-31Exp: 2023-01-31→ Common Stock (20,000 underlying)
Footnotes (1)
- [F1]A Stock Grant was made on October 30, 2009 for 20,000 Shares with vesting as follows: five percent (5%) each year beginning January 31, 2011 through January 31, 2015; six (6%) percent for the year ending January 31, 2016; seven (7%) percent for the year ending January 31, 2017; eight (8%) percent for the year ending January 31, 2018; nine (9%) percent for the year ending January 31, 2019; ten percent (10%) for the year ending January 31, 2020; eleven (11%) percent for the year ending January 31, 2021; and twelve percent (12%) each year ending January 31, 2022 until fully vested on January 31, 2023. Shares will be issued under the Grant only as vested. If the vesting conditions are not satisfied, Shares will not be issued. Shares are issued at fair market value on the date of issuance.