Hisey Christopher Scott 4
4 · UniTek Global Services, Inc. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
Hisey Christopher Scott
DirectorChief Executive Officer
Transactions
- Award
Stock Option (right to buy)
2011-01-10+27,939→ 27,939 totalExercise: $9.42Exp: 2017-09-27→ Common Stock (27,939 underlying) - Award
Restricted Stock Units (RSUs)
2011-01-10+178,572→ 178,572 total→ Common Stock (178,572 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−27,939→ 0 totalExercise: $56.00Exp: 2017-09-27→ Common Stock (27,939 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−49,670→ 0 totalExercise: $56.00Exp: 2017-09-27→ Common Stock (49,670 underlying)
Footnotes (6)
- [F1]On January 10, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, stock options granted to the reporting person on September 27, 2009. In exchange for these cancelled stock options, the reporting person was granted 27,939 stock options on January 10, 2011 (the "Date of Grant").
- [F2]The stock options were fully vested as of the Date of Grant.
- [F3]On January 10, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, stock options granted to the reporting person on September 27, 2009. In exchange for these cancelled stock options, the reporting person was granted 178,572 restricted stock units ("RSUs") on the Date of Grant.
- [F4]The stock options vest ratably over a five year period beginning on September 27, 2007. On January 10, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, these stock options and in exchange, the reporting person received 178,572 RSUs on the Date of Grant.
- [F5]The RSUs represent the right to receive one share of the issuer's common stock for each vested RSU.
- [F6]The RSUs will vest in accordance with the following schedule: 20% are vested as of the Date of Grant, and the remaining 80% shall vest in 20% increments on each of July 1, 2011, July 1, 2012, July 1, 2013 and July 1, 2014; provided that the reporting person remains in continuous employment or service with the issuer on each applicable vesting date.