Diamond Foods Inc 4
4 · Diamond Foods Inc · Filed Dec 16, 2015
Insider Transaction Report
Form 4
Isobel Jones A.
EVP, General Counsel
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-12-15−2,000→ 10,945 total→ Common Stock (2,000 underlying) - Exercise/Conversion
Common Stock
2015-12-15+2,000→ 3,637 total - Tax Payment
Common Stock
2015-12-15−752→ 2,885 total
Footnotes (4)
- [F1]Release and settlement of restricted stock units ("RSUs") granted to the Reporting Person on October 14, 2014, the grant of which was previously reported on a Form 4 by the Reporting Person.
- [F2]Exempt transaction pursuant to Section 16b-3(e) - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
- [F4]2,000 of the RSUs vested on December 15, 2015. Thereafter, 623 of the RSUs will vest on October 14, 2016, and 5,246 of the RSUs vest in two approximately equal installments on October 14, 2017 and 2018. 5,076 of the RSUs vest in four approximately equal installments on October 8, 2016, 2017, 2018 and 2019.