DRESSER SCOTT 4
4 · VIRGIN MEDIA INC. · Filed Feb 24, 2011
Insider Transaction Report
Form 4
DRESSER SCOTT
SECRETARY & GENERAL COUNSEL
Transactions
- Tax Payment
Common Stock
2011-02-22$27.09/sh−5,923$160,454→ 8,029 total - Award
Common Stock
2011-02-22+13,952→ 13,952 total
Footnotes (2)
- [F1]The Common Stock acquired represents the vesting of performance-related restricted stock units granted under the Company's 2008/2010 Long Term Incentive Plan, settlement of which was made by the issuance of an equal number of shares of Common Stock.
- [F2]Under applicable tax laws, this vesting triggered a tax obligation. To cover the applicable withholding tax, the Company entered into a net issuance transaction with Mr. Dresser whereby the Company withheld 5,923 shares with a value equal to his tax obligation. IT SHOULD BE NOTED THAT THESE SHARES WILL BE CANCELLED BY THE COMPANY. THIS TRANSACTION IS NOT A SALE OF SHARES TO THE OPEN MARKET.