Giacalone Peter Allen 4
4 · UniTek Global Services, Inc. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
Giacalone Peter Allen
DirectorChairman and President
Transactions
- Award
Stock Option (right to buy)
2011-01-10+12,858→ 12,858 totalExercise: $9.42Exp: 2018-07-15→ Common Stock (12,858 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−12,858→ 0 totalExercise: $56.00Exp: 2018-07-15→ Common Stock (12,858 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−40,716→ 0 totalExercise: $56.00Exp: 2018-07-15→ Common Stock (40,716 underlying) - Award
Restricted Stock Units (RSUs)
2011-01-10+125,000→ 125,000 total→ Common Stock (125,000 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 July 15, 2008. In exchange for these cancelled stock options, the reporting person was granted 12,858 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 July 15, 2008. In exchange for these cancelled stock options, the reporting person was granted 125,000 restricted stock units ("RSUs") on the Date of Grant.
- [F4]The stock options vest ratably over a five year period beginning on July 15, 2008. 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 125,000 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.