DALVI AJIT M 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed May 26, 2010
Insider Transaction Report
Form 4
DALVI AJIT M
Director
Transactions
- Tax Payment
Common Stock
2010-05-24$5.91/sh−3,067$18,126→ 20,472 total - Award
Restricted Stock Units
2010-05-25+16,750→ 16,750 totalExercise: $0.00→ Common Stock (16,750 underlying)
Footnotes (4)
- [F1]9,891 shares vested on May 24, 2010. 3,067 of the vested shares were forfeited to the Company in lieu of withholding taxes.
- [F2]Each restricted stock unit represents the contingent right to receive one share of Common Stock.
- [F3]The reporting person received an award of 16,750 restricted stock units on May 25, 2010, which shall vest 100% on May 25, 2011, so long as the reporting person continued to serve on the Board of Directors during the prior year; provided, however, that upon a Change in Control (as defined in the Plan), the vesting of all restricted stock units shall accelerate, regardless of whether the aforementioned vesting requirements have been satisfied. Upon vesting, the vested units will automatically be converted to vested common stock on a one-for-one basis.
- [F4]Not applicable.