AEROFLEX HOLDING CORP. 4
4 · AEROFLEX HOLDING CORP. · Filed Dec 3, 2013
Insider Transaction Report
Form 4
BOROW LEONARD
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock, par value $.01 per share
2013-12-01+48,048→ 48,048 total - Tax Payment
Common Stock, par value $.01 per share
2013-12-01$6.75/sh−13,141$88,702→ 34,907 total - Exercise/Conversion
Restricted Stock Units
2013-12-01−48,048→ 96,096 total→ Common Stock (48,048 underlying)
Holdings
- 2,905,812(indirect: See Note)
Common Stock, par value $.01 per share
Footnotes (4)
- [F1]Represents 48,048 shares acquired as a result of the vesting of restricted stock units awarded on December 21, 2012 and 13,141 shares withheld to satisfy Reporting Person's tax withholding obligation.
- [F2]These shares of Common Stock are held directly by VGG Holding LLC ("VGG") and are owned indirectly by the Reporting Person by virtue of the Reporting Person's Class A and Class B membership interests in VGG.
- [F3]Each restricted stock unit granted under the Issuer's 2011 Omnibus Incentive Plan represents a contingent right to receive one share of the Issuer's Common Stock.
- [F4]As previously reported, on December 21, 2012, Reporting Person was granted 144,144 restricted stock units ("RSUs") designated as "Time-Based Units," which vest to the extent of one-third of the RSUs on each of December 1, 2013 (as reflected in Table I above), December 1, 2014 and December 1, 2015, subject to the Reporting Person's continued employment in good standing with the Issuer.