Sockol Eric 4
4 · TechTarget Inc · Filed Mar 18, 2010
Insider Transaction Report
Form 4
TechTarget IncTTGT
Sockol Eric
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-03-16−31,250→ 93,750 totalExercise: $0.00→ Common Stock (31,250 underlying) - Exercise/Conversion
Common Stock
2010-03-16+31,250→ 81,593 total
Footnotes (2)
- [F1]Each restricted stock unit represented a contingent right to receive one share of TechTarget, Inc.'s common stock. The Reporting Person settled these restricted stock units for common stock.
- [F2]The total performance-based restricted stock unit grant relates to 125,000 shares of common stock, which, as a result of the satisfaction of the performance condition, vested as to 31,250 shares on March 9, 2010, and will thereafter vest upon the conclusion of each ninety-one (91) day period following the initial anniversary of the Grant Date in additional six and a quarter percent (6.25%) increments such that on the fourth anniversary of the Grant Date, the RSU grant shall become fully-vested. This portion of the Reporting Person's restricted stock unit award vested on March 9, 2010, but, pursuant to the terms of the related Restricted Stock Unit Agreement, delivery of these shares was deferred such that they were delivered on March 16, 2010.