Borman Michael J 4
4 · AVOCENT CORP · Filed Jun 30, 2009
Insider Transaction Report
Form 4
AVOCENT CORPAVCT
Borman Michael J
DirectorChief Executive Officer
Transactions
- Award
Performance-share award with Market Conditions
2009-06-26+68,750→ 68,750 totalExercise: $0.00From: 2009-06-26Exp: 2019-06-26→ Common Stock (68,750 underlying) - Award
Common Stock
2009-06-26$14.21/sh+55,000$781,550→ 213,984 total
Holdings
- 125,000
Performance-share Award with Market Conditions
Exercise: $0.00From: 2008-07-15Exp: 2018-07-15→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Includes 180,000 time-based and performance-based (now deemed earned). 60,001 shares vest in Quarter 1 of 2010, 60,000 shares vest in Quarter 1 of 2011, and 59,999 shares vest in Quarter 1 of 2012.
- [F2]Grant date; These are performance-shares awards with market conditions tied to company stock price to be earned over an eighteen month period. If earned, the shares will vest over a three year period beginning January 1, 2010.
- [F3]These are time-based restricted shares granted on June 26, 2009. These shares vest equally over three years, one-third on February 8, 2010, one-third on February 8, 2011, and one-third on February 8, 2012.
- [F4]Grant date; These are performance-shares awards with market conditions tied to company stock price to be earned over a two year period. If earned, the shares will vest over a three year period beginning February 8, 2010.