Hornish Thomas E 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Jul 3, 2012
Insider Transaction Report
Form 4
Hornish Thomas E
COO/General Counsel
Transactions
- Tax Payment
Common Stock
2012-06-30$7.31/sh−2,751$20,110→ 363,300 total
Footnotes (4)
- [F1]Twenty Thousand (20,000) 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 July 15, 2012, such that the entire Twenty Thousand (20,000) shares of restricted stock will be vested as of April 15, 2013.
- [F2]Thirty Thousand (30,000) shares are restricted shares, subject to forfeiture, such shares of restricted stock will be vested as of February 1, 2013.
- [F3]One Hundred Thirty Five Thousand (135,000) restricted shares, subject to forfeiture shall vest as follows: In 2012, 15,000 shares shall vest in equal quarterly installments of 7,500 shares each, beginning on September 30, 2012, such that the entire 15,000 shares shall have vested on December 31, 2012, (ii) In 2013, 40,000 shares shall vest in equal quarterly installments of 10,000 shares each, commencing on March 31, 2013, such that the entire 40,000 shares shall have vested on December 31, 2013; and (iii) In 2014, 80,000 shares shall vest in equal quarterly installments of 20,000 shares each, commencing on March 31, 2014, such that the entire 80,000 shares shall have vested on December 31, 2014.
- [F4]Notwithstanding the foregoing, upon a change in control, the vesting of all restricted shares shall accelerate 100%.