Miller Larry Lee 4
4 · PHIBRO ANIMAL HEALTH CORP · Filed May 7, 2018
Insider Transaction Report
Form 4
Miller Larry Lee
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2018-05-07+250,000→ 250,000 total→ Class A Common Stock (250,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.
- [F2]On May 7, 2018, the Compensation Committee approved the grant to the reporting person of 50,000 RSUs subject to time-based vesting and 200,000 RSUs subject to performance-based vesting based solely on the Company's stock price.
- [F3]The time-based RSUs will vest on December 31, 2020, and the performance-based RSUs will vest on December 31, 2020 in increments from 0% to 100% based on the 90-day average of the Company's stock price from $0 to $80 ending on December 31, 2020, in each case so long as the reporting person's employment has not been terminated prior to such date, and in each case subject to earlier vesting upon certain qualifying termination events. Vested shares will be delivered to the reporting person 30 days after vesting, subject to later delivery in the event of certain trading blackout periods.