Payne Richard A 4
4 · ZBB ENERGY CORP · Filed Nov 12, 2010
Insider Transaction Report
Form 4
Payne Richard A
Director
Transactions
- Award
RESTRICTED STOCK UNITS
2010-11-10+102,857→ 202,857 total→ COMMON STOCK (102,857 underlying)
Footnotes (2)
- [F1]Any Restricted Stock Units that become earned and vested shall be payable at the earlier of (i) six months Seperation from service or (ii) the date of a Change in Control, as defined. Payment may be made in cash or stock at the discretion of the Company.
- [F2]Vesting is as follows: 25% of the RSUs will vest on the date of grant, and the remaining RSUs will vest 25% each on March 31, June 30 and September 30 following the Annual Meeting