Ginsberg Bruce C. 4
4 · MAC-GRAY CORP · Filed Apr 5, 2011
Insider Transaction Report
Form 4
Ginsberg Bruce C.
Director
Transactions
- Award
Common Stock
2011-04-04$16.16/sh+464$7,498→ 15,302 total - Award
Common Stock
2011-04-01+18→ 14,838 total
Footnotes (1)
- [F1]Shares were acquired under the Directors' compensation plan approved by the Company's Board of Directors. The compensation plan provides that a director who is not an employee of the Company shall receive an annual fee for his/her services with such fee to be paid quarterly in the form of (i)shares of the Company's common stock with respect to fifty percent (50%) of the fee, and (ii) cash, shares of the Company's common stock, or a combination thereof, at the election of the Director, with respect to the other fifty percent (50%). The acquisition of common stock reported herein was received pursuant to the Directors' compensation plan.