Hornish Thomas E 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Jul 19, 2011
Insider Transaction Report
Form 4
Hornish Thomas E
COO/General Counsel
Transactions
- Tax Payment
Common Stock
2011-07-15$6.93/sh−1,835$12,717→ 235,867 total
Footnotes (3)
- [F1]Thirty-five Thousand (35,000) restricted shares, subject to forfeiture, shall vest in equal quarterly installments on January 15, April 15, July 15, and October 15 of each year, beginning on October 15, 2011, such that the entire Thirty-five Thousand (35,000) shares of restricted stock will be vested as of April 15, 2013.
- [F2]Sixty thousand (60,000) shares are restricted shares, subject to forfeiture, of which thirty thousand (30,000) shares shall vest on February 1 of each year beginning February 1, 2012 such that the entire sixty thousand (60,000) shares of restricted stock will be vested as of February 1, 2013.
- [F3]Notwithstanding the foregoing, upon a change in control, the vesting of all restricted shares shall accelerate 100%.