Hisey Christopher Scott 4
4 · UniTek Global Services, Inc. · Filed Jan 24, 2012
Insider Transaction Report
Form 4
Hisey Christopher Scott
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Units (RSUs)
2012-01-11+14,118→ 14,118 total→ Common Stock (14,118 underlying) - Exercise/Conversion
Common Stock
2012-01-10+107,143→ 192,116 total - Exercise/Conversion
Common Stock
2012-01-11+3,530→ 195,646 total
Footnotes (4)
- [F1]The Common Stock represents the acceleration of the vesting of the reporting person's 107,143 RSUs pursuant to the Separation Agreement by and between the reporting person and the issuer, dated as of January 10, 2012 as described in the Form 8-K of the issuer dated January 17, 2012.
- [F2]The Common Stock represents the 20% of the RSUs that were vested and paid on January 11, 2012.
- [F3]The Restricted Stock Units (RSUs) represent the right to receive one share of the issuer's common stock for each vested RSU.
- [F4]The RSUs were awarded as a portion of the annual compensation of non-employee members of the Board of Directors of the issuer under the Berliner Communications, Inc. 2009 Omnibus Equity and Incentive Compensation Plan. The RSUs will vest in accordance with the following schedule: 20% (3,530 RSUs) were vested and paid on January 11, 2012 and are reported in Table I as Common Stock, and the remaining 80% (14,118 RSUs) shall vest and be paid in 20% increments on each of January 1, 2013, January 1, 2014, January 1, 2015 and January 1, 2016; provided that the reporting person remains in continuous employment or service with the issuer on each applicable vesting date.