QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. 4
4 · QUANTUM FUEL SYSTEMS TECHNOLOGIES WORLDWIDE, INC. · Filed Aug 21, 2014
Insider Transaction Report
Form 4
OLSON W BRIAN
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2014-08-19$5.18/sh−4,385$22,714→ 98,831 total
Footnotes (2)
- [F1]On August 19, 2014, 11,666 of the 35,000 shares of the restricted stock granted to Mr. Olson on August 19, 2013, which vest at a rate of 1/3 per year over three years, vested. Mr. Olson automatically surrendered 4,385 of the vested shares to the Company to satisfy the tax withholding obligations arising from the vesting of the restricted stock. The surrender of the shares is an exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
- [F2]Includes 73,984 shares of unvested restricted stock.