McGrath Michael S 4
4 · REDDY ICE HOLDINGS INC · Filed Aug 14, 2009
Insider Transaction Report
Form 4
McGrath Michael S
Director
Transactions
- Exercise/Conversion
Common Stock
2009-08-12+1,000→ 26,123 total - Exercise/Conversion
Restricted Stock Units
2009-08-12−1,000→ 2,000 totalExercise: $0.00→ Common Stock (1,000 underlying) - Disposition to Issuer
Restricted Stock Units
2009-08-12−2,000→ 0 totalExercise: $0.00→ Common Stock (2,000 underlying)
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") were issued pursuant to the Reddy Ice Holdings, Inc. 2005 Long Term Incentive and Share Award Plan, as amended, (the "Plan") as follows: 3,500 RSUs on February 22, 2006 (the "2006 RSUs") and 2,500 RSUs on April 10, 2007 (the "2007 RSUs"). The vesting on August 12, 2009 was composed of 500 2006 RSUs and 500 2007 RSUs.
- [F2]Fifty percent of the 2006 RSUs were scheduled to vest in four annual installments on August 12, 2006, 2007, 2008 and 2009 in the following proportions: 14.3% in 2006 and 28.6% in 2007, 2008 and 2009. The remaining 50% of the 2006 RSUs vest in four annual installments on those same dates, provided the applicable performance condition for the applicable vesting period is met. Fifty percent of the 2007 RSUs were scheduled to vest as follows: 20% on August 12, 2007 and 40% on each of August 12, 2008 and 2009. The remaining 50% of the 2007 RSUs vest on the same schedule, provided the applicable performance condition for the applicable vesting period is met. Vesting may be accelerated under certain circumstances.
- [F3]On August 12, 2009, 2,000 performance-based RSUs were forfeited as the applicable performance condition was not met by the final vesting date.