Sabatino Michael 4
4 · MDC PARTNERS INC · Filed Jan 24, 2012
Insider Transaction Report
Form 4
MDC PARTNERS INCMDCA
Sabatino Michael
SVP & CAO
Transactions
- Tax Payment
Class A Shares
2012-01-20$13.39/sh−11,560$154,788→ 110,291 total
Holdings
- 121,851
Class A Shares
- 128,205
Stock Appreciation Rights
Exercise: $3.72From: 2010-02-12Exp: 2014-02-12→ Class A Shares (128,205 underlying) - 45,000
Extraordinary Equity Value Appre. Restricted Stock Awards
Exp: 2013-12-31→ Restricted Stock (45,000 underlying)
Footnotes (4)
- [F1]Includes shares of unvested Restricted Stock (Class A Shares) of the Issuer.
- [F2]A total of 31,237 shares of Restricted Stock (Class A Shares) granted in 2010 and 2011 vested on January 20, 2012. The Reporting Person elected to have a total of 11,560 Class A Shares withheld by the Issuer to satisfy tax withholding requirements.
- [F3]Stock Appreciation Rights ("SARs") granted February 12, 2009, all of which are vested as of January 20, 2012, 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.