Podolsky Boris 4
4 · CTC Media, Inc. · Filed Nov 23, 2010
Insider Transaction Report
Form 4
CTC Media, Inc.CTCM
Podolsky Boris
Chief Financial Officer
Transactions
- Exercise/Conversion
Stock option (right to buy)
2010-11-22−4,000→ 594,200 totalExercise: $16.80Exp: 2019-10-21→ Common stock (4,000 underlying) - Exercise/Conversion
Common stock
2010-11-22$16.80/sh+4,000$67,200→ 4,000 total - Sale
Common stock
2010-11-22$23.50/sh−4,000$94,000→ 0 total
Footnotes (1)
- [F1]The option is divided into two equal tranches, tranche A and tranche B. Tranche B is further subdivided into three equal tranches, B-1, B-2 and B-3. The tranche A option vested as to 25% of the shares on October 22, 2010, the first anniversary of the grant date, and vests as to an additional 6.25% of the shares at the end of each successive three-month period following the first anniversary of the grant date until October 22, 2013, the fourth anniversary of the grant date. The tranche B option is subject to the achievement of performance objectives. The specific performance-based vesting criteria for the tranche B-1, B-2 and B-3 options for 2010 has been set by the compensation committee of the issuer's Board of Directors. The specific performance-based vesting criteria for the tranche B-1, B-2 and B-3 options for 2011, 2012 and 2013 will be set by the compensation committee of the issuer's Board of Directors by March 31 of each year.