4//SEC Filing
DRESSER SCOTT 4
Accession 0001140361-11-011784
CIK 0001270400other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 12:10 PM ET
Size
7.3 KB
Accession
0001140361-11-011784
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.
Documents
Issuer
VIRGIN MEDIA INC.
CIK 0001270400
Entity typeother
Related Parties
1- filerCIK 0001508145
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 12:10 PM ET
- Size
- 7.3 KB