Sockol Eric 4
4 · TechTarget Inc · Filed May 18, 2010
Insider Transaction Report
Form 4
TechTarget IncTTGT
Sockol Eric
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-05-16−17,500→ 17,500 total→ Common Stock (17,500 underlying) - Exercise/Conversion
Common Stock
2010-05-16+17,500→ 99,093 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 related restricted stock unit award vests in four equal annual installments beginning December 18, 2008. Each vesting tranche is distributed to the Reporting Person on the earliest to occur of the following "Permissible Events": (i) the termination of the Reporting Person's employment for any reason, (ii) the Reporting Person becoming disabled within the meaning of Section 409A, (iii) the death of the Reporting Person, (iv) the occurrence of a "change in control" of the Company within the meaning of Section 409A, and (v) the applicable date set forth in the Reporting Person's deferral plan with respect to each Vesting Tranche. This portion of the Reporting Person's restricted stock unit award vested, as to 8,750 shares, on December 18, 2008 and, as to 8,750 shares, on December 18, 2009, but, pursuant to the terms of the related Restricted Stock Unit Agreement, delivery of these 17,500 shares was deferred such that they were delivered on May 16, 2010.