Zobrist Ray Phillip 4
4 · BROADCAST INTERNATIONAL INC · Filed Feb 2, 2011
Insider Transaction Report
Form 4
Zobrist Ray Phillip
Director
Transactions
- Award
Restricted Stock Units
2011-01-31+150,000→ 150,000 totalFrom: 2011-01-31→ common stock (150,000 underlying)
Footnotes (3)
- [F1]The restricted stock units were awarded under the Company's 2008 Equity Incentive Plan as director compensation. No options, restricted stock units, or other equity compensation was awarded to Mr. Zobrist for his service as a director for the year ended December 31, 2009 (other than his initial award upon becoming a director).
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]Shares of common stock are deliverable upon the termination of the reporting person's service as a director of the Company.