Perkins Ralph Claud Christopher 4
4 · UniTek Global Services, Inc. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
Perkins Ralph Claud Christopher
CEO, FTS
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-01-10−54→ 0 totalExercise: $56.00Exp: 2019-01-01→ Common Stock (54 underlying) - Award
Stock Option (right to buy)
2011-01-10+2,023→ 2,023 totalExercise: $9.42→ Common Stock (2,023 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−1,747→ 0 totalExercise: $56.00Exp: 2017-09-27→ Common Stock (1,747 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−222→ 0 totalExercise: $56.00Exp: 2019-11-15→ Common Stock (222 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−3,107→ 0 totalExercise: $56.00Exp: 2017-09-27→ Common Stock (9,315 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−394→ 0 totalExercise: $56.00Exp: 2019-01-01→ Common Stock (3,689 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-01-10−1,626→ 0 totalExercise: $56.00Exp: 2019-11-15→ Common Stock (787 underlying) - Award
Restricted Stock Units (RSUs)
2011-01-10+13,393→ 13,393 total→ Common Stock (13,393 underlying)
Footnotes (7)
- [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, 2007, January 1, 2009 and November 15, 2009, respectively. In exchange for these cancelled stock options, the reporting person was granted 2,023 stock options on January 10, 2011 (the "Date of Grant").
- [F2]The stock options were fully vested as of the Date of Grant.
- [F3]The stock options will expire as follows: 1,747 stock options expire on September 27, 2017, 54 stock options expire on January 1, 2019 and 222 stock options expire on November 15, 2019.
- [F4]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, 2007, January 1, 2009 and November 15, 2009, respectively. In exchange for these cancelled stock options, the reporting person received 13,393 restricted stock units ("RSUs") on the Date of Grant.
- [F5]The stock options vest ratably over a five year period beginning on September 27, 2007, January 1, 2009 and November 15, 2009, respectively. 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 13,393 RSUs on the Date of Grant.
- [F6]The RSUs represent the right to receive one share of the issuer's common stock for each vested RSU.
- [F7]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.