4//SEC Filing
Lochhead Scott 4
Accession 0001144204-11-002414
CIK 0000826773other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 4:57 PM ET
Size
13.4 KB
Accession
0001144204-11-002414
Insider Transaction Report
Form 4
Lochhead Scott
CEO, Advanced Comm., LLC
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-01-10−17,645→ 0 totalExercise: $56.00Exp: 2018-06-20→ Common Stock (17,645 underlying) - Award
Restricted Stock Units (RSUs)
2011-01-10+26,786→ 26,786 total→ Common Stock (26,786 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−5,572→ 0 totalExercise: $56.00Exp: 2018-06-20→ Common Stock (5,572 underlying) - Award
Stock Option (right to buy)
2011-01-10+5,572→ 5,572 totalExercise: $9.42Exp: 2018-06-20→ Common Stock (5,572 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 June 20, 2008. In exchange for these cancelled stock options, the reporting person was granted 5,572 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 June 20, 2008. In exchange for these cancelled stock options, the reporting person was granted 26,786 restricted stock units ("RSUs") on the Date of Grant.
- [F4]The stock options vest ratably over a five year period beginning on June 20, 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 26,786 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.
Documents
Issuer
UniTek Global Services, Inc.
CIK 0000826773
Entity typeother
Related Parties
1- filerCIK 0001500828
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 4:57 PM ET
- Size
- 13.4 KB