Langston Douglas J 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed May 25, 2011
Insider Transaction Report
Form 4
Langston Douglas J
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
2011-05-24$5.66/sh−2,293$12,978→ 62,452 total
Footnotes (3)
- [F1]Twelve Thousand Five Hundred (12,500) shares are restricted shares, subject to forfeiture, and shall vest as follows: (i) Six Thousand Two Hundred Fifty (6,250) shares shall vest on March 10 of each year, beginning in 2012, until fully vested; and (ii) 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 such shares shall accelerate and become fully vested at the time of termination.
- [F2]Ten thousand (10,000) shares are restricted shares, subject to forfeiture, and shall vest as follows: (i) five thousand (5,000) shares shall vest on December 27 of each year, beginning in 2011, until fully vested; and (ii) 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 such shares shall accelerate and become fully vested at the time of termination.
- [F3]Eighteen Thousand Seven Hundred Fifty (18,750) shares are restricted shares, subject to forfeiture, and shall vest as follows: (i) Six Thousand Two Hundred Fifty (6,250) shares shall vest on May 24 of each year, beginning in 2012, until fully vested; and (ii) 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 such shares shall accelerate and become fully vested at the time of termination.