PAYLESS SHOESOURCE INC /DE/ 4
4 · PAYLESS SHOESOURCE INC /DE/ · Filed Jun 5, 2007
Insider Transaction Report
Form 4
PORZIG ULLRICH E
Senior Vice President
Transactions
- Award
Performance Share Units
2007-06-04+11,771→ 11,771 totalFrom: 2010-05-31Exp: 2010-05-31→ Common Stock
Footnotes (1)
- [F1]The performance metric for the performance share units is stock appreciation. 1) Price hurdles are relative to the closing stock price on June 4, 2007; 2) the achieved hurdle (closing price) must be maintained for any 20 consectutive trading days during the performance period; 3) payout schedule (absolute, with no interpolation): stock price must appreciate by 25% beyond the June 4, 2007, closing price or the award has no value; if stock price appreciates by at least 25%, each unit will be settled in .5 share of stock; if stock price appreciates by at least 50%, each unit will be settled in 1 share of stock; if stock price appreciates by at least 75%, each unit will be settled in 1.25 shares of stock; if stock price appreciates by at least 100%, each unit will be settled in 1.5 shares of stock; payout will be based on the highest 20-consecutive-day hurdle achieved, without regard to the closing price on May 31, 2010.