Beitzel Kevin Lee 4
4 · Avantair, Inc · Filed Apr 1, 2011
Insider Transaction Report
Form 4
Avantair, IncAAIR.OB
Beitzel Kevin Lee
Chief Operating Officer
Transactions
- Tax Payment
Common Stock, par value $.0001
2011-04-01$2.30/sh−638$1,467→ 42,051 total - Tax Payment
Common Stock, par value $.0001
2011-03-30$2.32/sh−383$889→ 42,689 total
Footnotes (2)
- [F1]The 383 shares were redeemed by the Issuer from the Reporting Person to satisfy tax withholding obligations in connection with the share vesting on March 30, 2011. The shares were redeemed in relation to the 15,000 shares of Restricted Stock granted on June 30, 2008 pursuant to the Company's Long-Term Incentive Plan. One-third of the shares vested on June 30, 2009, and one-twelfth of the shares vest every three months thereafter.
- [F2]The 638 shares were redeemed by the Issuer from the Reporting Person to satisfy tax withholding obligations in connection with the share vesting on April 1, 2011. The shares were redeemed in relation to the 25,000 shares of Restricted Stock granted on October 1, 2009 pursuant to the Company's Long-Term Incentive Plan. One-third of the shares vested on October 1, 2010, and one-twelfth of the shares vest every three months thereafter.