Langston Douglas J 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Dec 30, 2009
Insider Transaction Report
Form 4
Langston Douglas J
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2009-12-27$5.60/sh−1,834$10,270→ 46,378 total
Footnotes (2)
- [F1]Twenty-five thousand (25,000) shares are restricted shares, subject to forfeiture, and shall vest as follows: (i) six thousand two hundred fifty (6,250) shares shall vest on March 10 of each year, beginning in 2010, until fully vested; and (ii) notwithstanding the foregoing, in the event participant is involuntarily terminated by the successor corporation in connection with, or within twelve (12) months following consummation of, a change in control, then the vesting of such shares shall accelerate and become fully vested at the time of termination.
- [F2]Fifteen thousand (15,000) shares are restricted shares, subject to forfeiture, and shall vest as follows: (i) five thousand (5,000) shares shall vest on December 27 of each year, beginning in 2010, until fully vested; and (ii) notwithstanding the foregoing, in the event participant is involuntarily terminated by the successor corporation in connection with, or within twelve (12) months following consummation of, a change in control, then the vesting of such shares shall accelerate and become fully vested at the time of termination.