Wilburn James E 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Apr 1, 2011
Insider Transaction Report
Form 4
Wilburn James E
Other
Transactions
- Tax Payment
Common Stock
2011-03-31$7.46/sh−3,994$29,795→ 202,012 total(indirect: By Trust)
Footnotes (2)
- [F1]Thirty-seven thousand five hundred (37,500) shares are restricted shares, subject to forfeiture. Twelve thousand five hundred (12,500) shares shall vest on June 30, September 30, and December 31, 2011, beginning on June 30, 2011, such that the entire thirty-seven thousand five hundred (37,500) shares of restricted stock will be vested as of December 31, 2011. 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 all restricted shares shall accelerate and become fully vested at the time of termination.
- [F2]Held directly by the James E. Wilburn Revocable Trust dated October 10, 2006, in which James E. Wilburn is a Trustee and Beneficiary. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.