Schorer Steven T 4
4 · DYNCORP INTERNATIONAL INC. · Filed Jun 7, 2010
Insider Transaction Report
Form 4
Schorer Steven T
President, GPSS Division
Transactions
- Award
Restricted Stock Units
2010-06-04+3,706→ 3,706 total→ Class A Common Stock (3,706 underlying)
Holdings
- 35,000
Restricted Stock Units
→ Class A Common Stock (35,000 underlying) - 35,000
Performance Units
→ Class A Common Stock (35,000 underlying)
Footnotes (4)
- [F1]Each performance-based Restricted Stock Unit represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day. The RSUs vest upon the Issuer's satisfaction of certain performance criteria for the period commencing on April 4, 2009 (the beginning of Issuer's fiscal year 2010) and ending on March 30, 2012 (the end of the Issuers fiscal year 2012).
- [F2]Not applicable.
- [F3]The entire amount of Restricted Stock Units will vest on June 26, 2011 provided the Issuer achieves a specified level of EBITDA for fiscal year 2011. If not so vested, the RSUs will be forfeited. Each performance-based Restricted Stock Unit represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day.
- [F4]The service-based Restricted Stock Units vest in two equal installments--50% on June 4, 2011 and 50% on June 4, 2012. Each service-based RSU represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day.