Pandzik Michael Lee 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Jun 1, 2012
Insider Transaction Report
Form 4
Pandzik Michael Lee
Director
Transactions
- Award
Restricted Stock Units
2012-05-30+15,504→ 15,504 total→ Common Stock (15,504 underlying)
Holdings
- 44,860
Common Stock
Footnotes (3)
- [F1]Each restricted stock unit represents the contingent right to receive one share of Common Stock.
- [F2]The reporting person received an award of 15,504 restricted stock units on May 30, 2012, which shall vest 100% on May 30, 2013, 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. The reporting person has elected to defer the settlement (issuance of shares of Common Stock) of these units until the earlier of (i) the date of termination of service or (ii) the date of any change in control.
- [F3]Not applicable.