4//SEC Filing
Green Mark 4
Accession 0001179110-09-004062
CIK 0001030471other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 7:20 PM ET
Size
28.4 KB
Accession
0001179110-09-004062
Insider Transaction Report
Form 4
UTSTARCOM INCUTSI
Green Mark
SVP, Human Resources
Transactions
- Exercise/Conversion
Common Stock
2009-02-27+13,750→ 94,065 total - Exercise/Conversion
Common Stock
2009-02-27+91,429→ 208,351 total - Exercise/Conversion
Restricted Stock Units
2009-02-27−41,250→ 41,520 total→ Common Stock (41,250 underlying) - Exercise/Conversion
Restricted Stock Units
2009-02-27−91,429→ 0 total→ Common Stock (91,429 underlying) - Sale
Common Stock
2009-03-02$0.93/sh−9,511$8,845→ 198,840 total - Exercise/Conversion
Restricted Stock Units
2009-02-27−13,750→ 41,250 total→ Common Stock (13,750 underlying) - Exercise/Conversion
Common Stock
2009-02-27+22,857→ 116,922 total - Exercise/Conversion
Common Stock
2009-02-27+41,250→ 80,315 total - Sale
Common Stock
2009-03-03$0.78/sh−18,827$14,685→ 180,013 total - Exercise/Conversion
Restricted Stock Units
2009-02-27−22,857→ 45,714 total→ Common Stock (22,857 underlying) - Award
Restricted Stock Units
2009-02-27+121,778→ 121,778 total→ Common Stock (121,778 underlying) - Award
Restricted Stock Units
2009-02-27+60,899→ 60,899 total→ Common Stock (60,899 underlying)
Footnotes (9)
- [F1]Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock.
- [F2]At its meeting on February 18, 2009, the Compensation Committee determined that Mr. Green had earned 75% of the performance award granted him on February 29, 2008 based on achievement of management performance objectives for fiscal year 2008, and the remaining 25% of the award was cancelled. The earned portion of the award vests 50% on February 27, 2009 and February 26, 2010.
- [F3]The restricted stock units will vest in installments beginning 25% on February 27, 2009; and 25% annually thereafter.
- [F4]The restricted stock units vest as to 22857 shares on each of February 27, 2009; Feburary 26, 2010; and February 28, 2011.
- [F5]The remaining restricted stock units vested on February 27, 2009.
- [F6]The restricted stock units vest in installments beginning: 25% on February 26, 2010; and 25% annually thereafter, subject to Mr. Green's continued service to the Company through each applicable vesting date.
- [F7]The restricted stock units vest as follows: 50% of the shares shall vest on February 26, 2010 and February 28, 2011, subject to Mr. Green's continued service to the Company through each applicable vesting date.
- [F8]The 9,511 shares were sold through separate trades, with the sale prices ranging from $0.860 to $1.00, and at a weighted average sale price of $0.9292. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
- [F9]The 18,827 shares were sold through separate trades, with the sale prices ranging from $0.750 to $0.862, and at a weighted average sale price of $0.7773. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
Documents
Issuer
UTSTARCOM INC
CIK 0001030471
Entity typeother
Related Parties
1- filerCIK 0001389551
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 7:20 PM ET
- Size
- 28.4 KB