ANKER ANDREW L 4/A
4/A · Geeknet, Inc · Filed Mar 28, 2011
Insider Transaction Report
Form 4/AAmended
Geeknet, IncGKNT
ANKER ANDREW L
Director
Transactions
- Award
Restricted Stock Unit
2011-01-03+536→ 536 totalExp: 2011-05-10→ Common Stock (536 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's common stock.
- [F2]The original Form 4 reflected an incorrect number of restricted stock units. The Board of Directors adopted a director compensation policy (the "Policy") on November 12, 2010. Pursuant to the Policy, the Company automatically, without further action by the Board, grants directors, at the beginning of the calendar year, a number of restricted stock units based on the stock price on the date of the grant. Any grants pursuant to the Policy are limited to availability of shares under the 2007 Equity Incentive Plan (the "2007 Plan"). The first automatic grant made pursuant to the Policy occurred on January 3, 2011. This grant was for 536 of restricted stock units as only that number of shares was available under the 2007 Plan to satisfy such awards. This Form 4 amends that error.
- [F3]Restricted Stock Units granted pursuant to Issuer's 2007 Equity Incentive Plan. The shares subject to the Restricted Stock Units awarded will vest as to 100% of the shares on the day prior to the 2011 Annual Shareholder meeting, subject to the grantee continuing to serve as a service provider to the Registrant on each such date.