BARHAM O R JR 4
4 · StellarOne CORP · Filed Jan 24, 2013
Insider Transaction Report
Form 4
StellarOne CORPSTEL
BARHAM O R JR
President and CEO
Transactions
- Award
Common Stock
2013-01-22$14.37/sh+7,133$102,501→ 58,827 total - Award
Common Stock
2013-01-22$14.37/sh+7,133$102,501→ 65,960 total
Footnotes (2)
- [F1]This restricted stock award vests 100% at December 31, 2013, due to a previously disclosed retirement date.
- [F2]The vesting of these performance award shares is based on StellarOne's average annual performance over the three-year period ending December 31, 2015 in four equally weighted financial performance categories against its peer group: tangible book value growth, efficiency ratio, percentage of non-accrual loans to total loans, and fully diluted EPS growth after extraordinary events. If, at the end of the performance period, the average annual performance is in the 41st to 50th percentile of the peer group, 50% of the shares will vest. If performance is in the 21st to 40th percentile, then 75% of the shares will vest. If performance is in the 1st to the 20th percentile, then 100% of the shares will vest. No vesting of the shares occurs under the 50th percentile of average annual performance. Due to the previously disclosed retirement date, only one-third of the shares granted are eligible to vest.