HANSBROUGH STEPHEN J 4
4 · HEARUSA INC · Filed Apr 2, 2010
Insider Transaction Report
Form 4
HEARUSA INCEAR
HANSBROUGH STEPHEN J
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2010-03-31+98,805→ 168,179 total - Exercise/Conversion
Restricted Stock Units
2010-03-31−98,805→ 36,195 total→ Common Stock (98,805 underlying) - Disposition to Issuer
Restricted Stock Units
2010-03-31−36,195→ 0 total→ Common Stock (36,195 underlying) - Tax Payment
Common Stock
2010-03-31$1.49/sh−11,741$17,494→ 156,438 total
Footnotes (5)
- [F1]Represents common stock earned pursuant to a restricted stock award granted June 29, 2009 under the HearUSA, Inc. Amended and Restated 2007 Incentive Compensation Plan in a transaction exempt under Rule 16b-3; 32,935 shares vested immediately and the balance will vest in two equal installments on March 31, 2011 and March 31, 2012.
- [F2]Shares surrendered in payment of tax withholding on vested portion of shares earned pursuant to restricted stock unit grant exempt pursuant to Rule 16b-3.
- [F3]Each restricted stock unit represented a contingent right to receive one share of HearUSA, Inc. common stock.
- [F4]The 98,805 restricted stock units were earned upon the achievement in 2009 of performance criteria established by the Compensation Committee.
- [F5]Represents forfeited restricted stock units.