Paul Ray M Jr 4
4 · UNIVERSAL CORP /VA/ · Filed Nov 14, 2011
Insider Transaction Report
Form 4
Paul Ray M Jr
Other
Transactions
- Exercise/Conversion
Common Stock
2011-11-11$35.30/sh+10,532$371,780→ 48,945 total - Disposition to Issuer
Common Stock
2011-11-11$44.65/sh−9,038$403,547→ 39,907 total - Exercise/Conversion
Stock Appreciation Rights
2011-11-11$35.30/sh−10,532$371,780→ 5,268 totalExercise: $35.30From: 2009-05-27Exp: 2019-05-27→ Common Stock (10,532 underlying)
Footnotes (2)
- [F1]Includes 13,600 restricted stock units and 1,238 dividend units on the restricted stock units. The restricted stock units and the dividend units vest on the fifth anniversary of the award date, however, payment will be delayed until termination of service if individual is a covered employee under code section 162(m) on the date of vesting.
- [F2]after a 12 month period of the grant date, 1/3 of total shares are exercisable for each anniversary date after that for 3 such periods.