Sabatino Michael 4
4 · MDC PARTNERS INC · Filed Feb 15, 2012
Insider Transaction Report
Form 4
MDC PARTNERS INCMDCA
Sabatino Michael
SVP & CAO
Transactions
- Award
Restricted Stock (Class A Shares)
2012-02-14+21,245→ 131,536 total
Holdings
- 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) - 110,291
Class A Shares
Footnotes (4)
- [F1]Includes shares of unvested Restricted Stock (Class A Shares) of the Issuer.
- [F2]All 21,245 shares of Restricted Stock (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]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.