FRIEDMAN JACK 4
4 · JAKKS PACIFIC INC · Filed Jan 5, 2009
Insider Transaction Report
Form 4
FRIEDMAN JACK
DirectorChairman and Co-CEO
Transactions
- Award
Common Stock
2009-01-01$20.63/sh+120,000$2,475,600→ 543,977 total
Footnotes (3)
- [F1]Such 120,000 shares were issued pursuant to the terms of Holder's Employment Agreement with the Issuer and are further subject to the terms of that certain January 1, 2009 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer. The Agreement provides that the Holder will forfeit his rights to all 120,000 shares unless certain conditions precedent are met prior to January 1, 2010, including the condition that the Issuer's Pre-Tax Income (as defined in the Agreement) for 2009 exceeds $2,000,000, whereupon the forfeited shares will become authorized but unissued shares of the Issuer's common stock.
- [F2]The Agreement prohibits the Holder from selling, assigning, transferring, pledging or otherwise encumbering the 120,000 shares prior to January 1, 2010.
- [F3]Represents the closing price of the Issuer's common stock on 12/31/08, as reported by Nasdaq.