OTTE DARYL 4
4 · THESTREET COM · Filed Mar 30, 2011
Insider Transaction Report
Form 4
OTTE DARYL
DirectorChief Executive Officer
Transactions
- Other
Common Stock, par value $.01 per share
2011-02-28−27→ 2,857 total(indirect: By Partnership) - Other
Common stock, par value $.01 per share
2011-02-28−20,769→ 778,785 total - Award
Stock option (right to buy)
2011-03-28+180,000→ 180,000 totalExercise: $3.24Exp: 2016-03-28→ Common stock, par value $.01 per share (180,000 underlying) - Award
Common stock, par value $.01 per share
2011-03-28+50,000→ 828,786 total
Footnotes (4)
- [F1]Reflecting a working capital adjustment in connection with the merger agreement referenced on Reporting Person's Form 4 dated December 17, 2009. Of the 2,857 shares, 443 of them are currently being held in escrow and may be disbursed to the Reporting Person upon the two year anniversay of the transaction, subject to post closing adjustments.
- [F2]Reflecting a working capital adjustment in connection with the merger agreement referenced on Reporting Person's Form 4 dated December 17, 2009. Of the 778,785 shares, 1,542 of them are currently being held in escrow and may be disbursed to the Reporting Person upon the two year anniversay of the transaction, subject to post closing adjustments. This amount also corrects a prior overstatement of 20,690 shares.
- [F3]Award of Restricted Stock Units vesting 25% on April 1, 2012, with the balance vesting in equal monthly increments over the successive 36 months, subject to acceleration or forfeiture under certain circumstances.
- [F4]Stock options shall vest 25% on April 1, 2012, with the balance vesting in equal monthly increments over the successive 36 months, subject to acceleration or forfeiture under certain circumstances.