Diamond Foods Inc 4
4 · Diamond Foods Inc · Filed Jan 29, 2016
Insider Transaction Report
Form 4
BLECHSCHMIDT EDWARD A
Director
Transactions
- Tax Payment
Common Stock
2010-03-25−1,189→ 7,943 total - Award
Director Stock Option (right to buy)
2011-03-25+10,000→ 10,000 totalExercise: $55.03Exp: 2021-03-24→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]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 shares of restricted stock. 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.
- [F2]The stock option vests and becomes exercisable on March 25, 2012. The option grant reported on this Form 4 is being made pursuant to Diamond's 2005 Equity Incentive Plan, which provides that each non-employee director automatically receives an option to purchase 10,000 shares of common stock on an annual basis.