Hornish Thomas E 4/A
4/A · OUTDOOR CHANNEL HOLDINGS INC · Filed Oct 4, 2012
Insider Transaction Report
Form 4/AAmended
Hornish Thomas E
COO/General Counsel
Transactions
- Tax Payment
Common Stock
2012-09-30$7.28/sh−2,751$20,027→ 358,715 total
Footnotes (5)
- [F1]Fifteen Thousand (15,000) 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, 2012, such that the entire Fifteen Thousand (15,000) 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 Twenty Seven Thousand Five Hundred (127,500) restricted shares, subject to forfeiture shall vest as follows: In 2012, 7,500 shares shall vest 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%.
- [F5]This amendment is being filed to correct the number of shares disposed of in Column 4 and the amounts in Column 5. All other information set forth in the original filing is correct.