Werner Roger 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Jan 4, 2011
Insider Transaction Report
Form 4
Werner Roger
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2010-12-31$7.17/sh−6,555$46,999→ 363,149 total
Footnotes (2)
- [F1]One Hundred Twenty Thousand (120,000) restricted shares vest in equal quarterly installments on March 31, June 30, September 30, and December 31 of each year, beginning on March 31, 2011, such that the entire One Hundred Twenty Thousand (120,000) 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.