WABCO Holdings Inc. 4
4 · WABCO Holdings Inc. · Filed Nov 29, 2011
Insider Transaction Report
Form 4
HARDYMON JAMES F
Director
Transactions
- Exercise/Conversion
Common Stock
2011-11-28$17.48/sh+5,000$87,400→ 10,000 total - Exercise/Conversion
Stock Option
2011-11-28−5,000→ 5,000 totalExercise: $17.48From: 2007-08-01Exp: 2012-02-07→ Common Stock (5,000 underlying)
Holdings
- 11,602
Common Stock
- 6,437.459(indirect: By Trust)
Common Stock
- 2,730(indirect: Deferred Stock Units)
Common Stock
Footnotes (5)
- [F1]The deferred stock units were granted as part of the reporting person's annual retainer. The deferred stock units equal the reporting person's portion of his retainer fee divided by the closing price of WABCO's common stock on the day preceding the grant date. Each whole deferred stock unit represents a contingent right to receive one share of WABCO common stock. The deferred stock units are 100% vested upon grant and shall be distributed in shares of common stock as soon as practicable following the earliest to occur of: (i) reporting person's death or Disability as defined in the Award Agreement; (ii) a "Change in Control" as defined in the Omnibus Incentive Plan; (iii) the reporting person's "separation from service" (as defined under applicable tax rules) from WABCO Holding Inc.; (iv) 13 months after the grant date; or (v) if elected by the reporting person, an "optional payment date" which may not be earlier than 5 years and one month after the grant date.
- [F2]Includes reinvestment of dividends paid on shares held in Rabbi trust for non-management directors.
- [F3]Shares are held in a Rabbi trust for non-management directors. Director exercises voting rights but no right to dispose until directorship terminates.
- [F4]Pursuant to Restricted Stock Units that will vest, subject to the individual's continued service on the board of WABCO Holdings Inc., in three annual increments on each of the first three anniversaries of the date of grant.
- [F5]These stock options represented stock options granted to Mr. Hardymon by American Standard Companies Inc. that were equitably converted into options to acquire WABCO common stock, and became immediately exercisable, on the date of WABCO's spin-off from American Standard Companies.