Werner Roger 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Apr 5, 2010
Insider Transaction Report
Form 4
Werner Roger
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2010-03-31$6.59/sh−6,555$43,197→ 386,414 total
Footnotes (2)
- [F1]One Hundred Sixty-Five Thousand (165,000) restricted shares vest in equal quarterly installments on December 31, March 31, June 30, and September 30 of each year, beginning on March 31, 2010, such that the entire One Hundred Sixty-Five Thousand (165,000) shares of restricted stock will be vested as of December 31, 2012.
- [F2]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.