Swartzman Gavin 4
4 · MDC PARTNERS INC · Filed Feb 15, 2012
Insider Transaction Report
Form 4
MDC PARTNERS INCMDCA
Swartzman Gavin
Managing Director
Transactions
- Award
Restricted Stock Units (Class A Shares)
2012-02-14+17,525→ 111,945 total
Holdings
- 182,069
Stock Appreciation Rights
Exercise: $3.72From: 2010-02-12Exp: 2014-02-12→ Class A Shares (182,069 underlying) - 45,000
Extraordinary Equity Value Appre. Restricted Stock Awards
Exp: 2013-12-31→ Restricted Stock Units (45,000 underlying)
Footnotes (4)
- [F1]Includes unvested Restricted Stock Units (Class A Shares) of the Issuer.
- [F2]All 17,525 Restricted Stock Units (Class A Shares) of the Issuer awarded on February 14, 2012 will vest on the third anniversary of issuance, subject to accelerated vesting in 2013 and/or 2014 if the Issuer achieves specified financial performance targets in 2012 and 2013, subject to the Reporting Person's continued employment.
- [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]Extraordinary Equity Value Appreciation Restricted Stock Awards ("EVARs") under the Issuer's EVARs program (previously disclosed by the Issuer on Form 8-K dated January 26, 2011) represent the right to receive Restricted Stock Units 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.