REDDY ICE HOLDINGS INC 4
4 · REDDY ICE HOLDINGS INC · Filed Aug 14, 2009
Insider Transaction Report
Form 4
Verdecchio Robert N
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2009-08-12−1,000→ 2,000 totalExercise: $0.00→ Common Stock (1,000 underlying) - Exercise/Conversion
Common Stock
2009-08-12+1,000→ 23,623 total - Disposition to Issuer
Restricted Stock Units
2009-08-12−2,000→ 0 totalExercise: $0.00Exp: 2009-08-12→ 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: 4,000 RSUs on November 15, 2005 (the "2005 RSUs") and 2,500 RSUs on April 10, 2007 (the "2007 RSUs"). The vesting on August 12, 2009 was composed of 500 2005 RSUs and 500 2007 RSUs.
- [F2]Fifty percent of the 2005 RSUs vest in four equal annual installments on August 12, 2006, 2007, 2008 and 2009. The remaining 50% of the 2005 RSUs vest in four equal annual installments on those same dates, provided the applicable performance condition for the applicable vesting period is met. Fifty percent of the 2007 RSUs 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.
- [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.