Wolf Michael J 4
4 · YAHOO INC · Filed Jul 16, 2012
Insider Transaction Report
Form 4
YAHOO INCYHOO
Wolf Michael J
Director
Transactions
- Award
Common Stock
2012-07-12+14,021→ 35,519 total
Footnotes (1)
- [F1]These shares represent an automatic award of restricted stock units granted on the date of the annual meeting of shareholders under the Yahoo! 1996 Directors' Stock Plan. Each restricted stock unit represents the contingent right to receive one share of Yahoo! common stock. These units are scheduled to vest in four equal quarterly installments such that they will be fully vested on the first anniversary of the date of grant (or, if earlier, the day before the next annual meeting of shareholders), subject to continuous service as a director. These units will generally be paid in an equivalent number of shares of the Company's common stock on the earlier of the last vesting date and the date the director's service terminates, subject to any election by the reporting person to defer payment.