Werner Roger 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Sep 18, 2009
Insider Transaction Report
Form 4
Werner Roger
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2009-09-16$6.91/sh−1,764$12,189→ 401,282 total
Footnotes (3)
- [F1]One Hundred Ninety-Five Thousand (195,000) restricted shares 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 ninety-five thousand (195,000) shares of restricted stock will be vested as of December 31, 2012.
- [F2]Four thousand one hundred fifty-five (4,155) shares are restricted shares, subject to forfeiture, and shall vest on October 16, 2009.
- [F3]Notwithstanding the foregoing, upon a change in control, all restricted shares shall become fully vested. In addition, if Mr. Werner's employment is terminated at any time without cause or he resigns for good reason, 50% of the then unvested restricted shares shall become fully vested.