Wilburn James E 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Apr 17, 2009
Insider Transaction Report
Form 4
Wilburn James E
Other
Transactions
- Award
Common Stock
2009-04-15+150,000→ 210,000 total(indirect: By Trust)
Footnotes (2)
- [F1]One hundred fifty thousand (150,000) shares are restricted shares, subject to forfeiture. Thirty-seven thousand five hundred (37,500) shares shall vest on September 30, 2009. Twelve thousand five hundred (12,500) shares shall vest in equal quarterly installments on December 31, March 31, June 30, and September 30 of each year, beginning on December 31, 2009, such that the entire one hundred fifty thousand (150,000) shares of restricted stock will be vested as of December 31, 2011. Notwithstanding the foregoing, upon a change in control, the vesting of all restriced shares shall accelerate 100%.
- [F2]Owned directly by the James E. Wilburn Revocable Trust dated October 10, 2006, in which James E. Wilburn is a Trustee and Beneficiary. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.