Sabatino Michael 4
4 · MDC PARTNERS INC · Filed Aug 3, 2011
Insider Transaction Report
Form 4
MDC PARTNERS INCMDCA
Sabatino Michael
SVP & CAO
Transactions
- Purchase
Class A Shares
2011-08-03$18.60/sh+350$6,510→ 121,851 total
Holdings
- 121,501
Class A Shares
- 45,000
Extraordinary Equity Value Appre. Restricted Stock Awards
Exp: 2013-12-31→ Restricted Stock (45,000 underlying) - 128,205
Stock Appreciation Rights
Exercise: $3.72From: 2010-02-12Exp: 2014-02-12→ Class A Shares (128,205 underlying)
Footnotes (4)
- [F1]Includes shares of unvested Restricted Stock (Class A Shares) of the Issuer.
- [F2]Represents open market purchases.
- [F3]Stock Appreciation Rights ("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.
- [F4]These Extraordinary Equity Value Appreciation Restricted Stock Awards ("EVARs") granted under the Issuer's EVARs program (previously disclosed by the Issuer on Form 8-K dated January 26, 2011) represent the right to receive shares of Restricted Stock 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.