4//SEC Filing
Pandzik Michael Lee 4
Accession 0001179110-11-008722
CIK 0000760326other
Filed
May 25, 8:00 PM ET
Accepted
May 26, 9:21 PM ET
Size
11.5 KB
Accession
0001179110-11-008722
Insider Transaction Report
Form 4
Pandzik Michael Lee
Director
Transactions
- Exercise/Conversion
Common Stock
2011-05-25+16,750→ 37,519 total - Tax Payment
Common Stock
2011-05-25$5.71/sh−5,026$28,698→ 32,493 total - Exercise/Conversion
Restricted Stock Units
2011-05-25−16,750→ 17,668 total→ Common Stock (16,750 underlying) - Award
Restricted Stock Units
2011-05-24+17,668→ 34,418 total→ Common Stock (17,668 underlying)
Footnotes (6)
- [F1]Represents the issuance of shares of Common Stock upon the settlement of the Restricted Stock Units that vested on May 25, 2011.
- [F2]Each restricted stock unit represents the contingent right to receive one share of Common Stock.
- [F3]The reporting person received an award of 17,668 restricted stock units on May 24, 2011, which shall vest 100% on May 24, 2012, so long as the reporting person continued to serve on the Board of Directors during the prior year; provided, however, that upon a Change in Control (as defined in the Plan), the vesting of all restricted stock units shall accelerate, regardless of whether the aforementioned vesting requirements have been satisfied. Upon vesting on May 24, 2012, each unit will automatically be settled for one share of vested common stock.
- [F4]Not applicable.
- [F5]The reporting person received an award of 16,750 restricted stock units on May 25, 2010 which vested on May 25, 2011 and were settled by issuing one share of common stock per unit.
- [F6]5,026 shares of the shares issued upon the vesting of the 16,750 Restricted Stock Units were forfeited to the Company in lieu of withholding taxes.
Documents
Issuer
OUTDOOR CHANNEL HOLDINGS INC
CIK 0000760326
Entity typeother
Related Parties
1- filerCIK 0001401853
Filing Metadata
- Form type
- 4
- Filed
- May 25, 8:00 PM ET
- Accepted
- May 26, 9:21 PM ET
- Size
- 11.5 KB