MOONEY JAMES F 4
4 · VIRGIN MEDIA INC. · Filed May 19, 2010
Insider Transaction Report
Form 4
MOONEY JAMES F
DirectorChairman
Transactions
- Tax Payment
Common Stock (see footnotes on page 2 for vesting details)
2010-05-17$15.93/sh−171,592$2,733,461→ 1,387,569 total - Disposition to Issuer
Common Stock (see footnotes on page 2 for vesting details)
2010-05-17−3,750→ 1,559,161 total
Footnotes (2)
- [F1]Of the original grant of 625,000 shares of restricted stock reported on Form 4 filed on July 7, 2009: (i) 371,250 shares vested on May 17, 2010; (ii) 3,750 shares were forfeited and cancelled, without consideration, on May 17, 2010. THIS IS NOT A SALE OF SHARES TO THE OPEN MARKET; THESE SHARES WILL BE CANCELLED BY THE COMPANY; (iii) 125,000 shares vest on May 17, 2011 subject to continuous employment and the achievement of cash flow targets for 2010; and (iv) 125,000 shares vest on May 17, 2011 subject to continuous employment and the achievement of a list of objectives for 2010.
- [F2]On May 17, 2010, the company entered into a net issuance transaction with Mr. Mooney whereby the company withheld 171,592 shares with a value equal to the tax obligation triggered by the vesting in (i) above. THIS IS NOT A SALE OF SHARES TO THE OPEN MARKET; THESE SHARES WILL BE CANCELLED BY THE COMPANY.