DICKSON ROBERT E 4
4 · MDC PARTNERS INC · Filed Mar 8, 2011
Insider Transaction Report
Form 4
MDC PARTNERS INCMDCA
DICKSON ROBERT E
Managing Director
Transactions
- Award
Restricted Stock Units (Class A Shares)
2011-03-07+23,270→ 184,092 total - Tax Payment
Class A Shares
2011-03-04$17.86/sh−8,603$153,650→ 160,822 total
Holdings
- 10,000
Stock Appreciation Rights
Exercise: $8.95From: 2008-04-28Exp: 2016-04-28→ Class A Shares (10,000 underlying) - 169,425
Class A Shares
- 45,000
Extraordinary Equity Value Appre. Restricted Stock Awards
Exp: 2013-12-31→ Restricted Stock Units (45,000 underlying) - 57,150
Stock Options
Exercise: $8.40From: 2002-04-10Exp: 2012-04-10→ Class A Shares (57,150 underlying) - 188,276
Stock Appreciation Rights
Exercise: $3.72From: 2010-02-12Exp: 2014-02-12→ Class A Shares (188,276 underlying)
Footnotes (8)
- [F1]Includes unvested Restricted Stock Units (Class A Shares) of the Issuer.
- [F2]A total of 18,639 Restricted Stock Units (Class A Shares) granted in 2010 vested on March 4, 2011. The Reporting Person elected to have a total of 8,603 Class A Shares withheld by the Issuer to satisfy tax withholding requirements.
- [F3]All 23,270 Restricted Stock Units (Class A Shares) of the Issuer awarded on March 7, 2011 will vest on the third anniversary of issuance, subject to accelerated vesting in 2012 and/or 2013 if the Issuer achieves specified financial performance targets in 2011 and 2012, subject to the Reporting Person's continued employment.
- [F4]Stock Options (previously granted on April 10, 2002) expire 10 years from the grant date.
- [F5]Canadian dollars.
- [F6]Stock Appreciation Rights ("SARs") granted April 28, 2006, fully vested on April 28, 2008. These SARs may be settled in cash or stock, at the discretion of the Issuer.
- [F7]SARs granted February 12, 2009, vested 33% on the first anniversary of the grant date, 33% vest on the second anniversary of the grant date, and 34% vest on the third anniversary of the grant date, and all expire on February 12, 2014. These SARs may be settled in cash or stock, at the discretion of the Issuer.
- [F8]Extraordinary Equity Value Appreciation Restricted Stock Awards ("EVARs") under the Issuer's EVARs program (previously disclosed by the Issuer on Form 8-K dated January 26, 2011) represent the right to receive Restricted Stock Units on a one-to-one basis upon the Issuer's achievement of stock price targets equal to $20.00 (15,000 EVARs), $22.75 (15,000 EVARs) and $26.25 (15,000 EVARs), as described in greater detail in the EVAR Letter Agreement.