KERN ARTHUR 4
4 · YAHOO INC · Filed Jun 29, 2009
Insider Transaction Report
Form 4
YAHOO INCYHOO
KERN ARTHUR
Director
Transactions
- Award
Director Stock Option (right to buy)
2009-06-25+15,000→ 15,000 totalExercise: $15.53Exp: 2016-06-25→ Common Stock (15,000 underlying) - Award
Common Stock
2009-06-25+5,000→ 290,557 total
Footnotes (3)
- [F1]These shares represent an automatic award of restricted stock units granted on the date of the annual meeting of stockholders under the Yahoo! 1996 Directors' Stock Plan. Each restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of Yahoo! common stock. These units are scheduled to vest in equal quarterly installments over the one-year period following the date of grant, subject to continuous service as a director. These units will generally be paid in an equivalent number of shares of the Company's common stock on the earlier of the date the director's service terminates and the third anniversary of the date of grant.
- [F2]This option was automatically awarded on the date of the annual meeting of stockholders under the Yahoo! 1996 Directors' Stock Plan. This option is scheduled to become exercisable in equal quarterly installments over the one-year period following the date of grant, subject to continuous service as a director.
- [F3]Not applicable.