Burke Shad 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Nov 10, 2009
Insider Transaction Report
Form 4
Burke Shad
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2009-11-06$6.65/sh−7,336$48,784→ 157,524 total
Footnotes (3)
- [F1]Sixty-One Thousand Two Hundred Fifty (61,250) shares are restricted shares, subject to forfeiture, and shall vest in equal quarterly installments on January 15, April 15, July 15, and October 15 of each year, beginning on January 15, 2010, such that the entire Sixty-One Thousand Two Hundred Fifty (61,250) shares of restricted stock will be vested as of April 15, 2013.
- [F2]Seventy Thousand (70,000) shares are restricted shares, subject to forfeiture, such that Twenty Thousand (20,000) shares shall vest on November 6, 2010, November 6, 2011, and November 6, 2012; and Ten Thousand (10,000) shares shall vest on November 6, 2013.
- [F3]Notwithstanding the foregoing, upon a change in control, the vesting of all restricted shares shall accelerate 100%.