ALLEN THOMAS D 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Oct 17, 2012
Insider Transaction Report
Form 4
ALLEN THOMAS D
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2012-10-16$7.37/sh−2,751$20,275→ 216,285 total
Footnotes (4)
- [F1]Forty Thousand (40,000) restricted shares, subject to to forfeiture, shall vest in two (2) equal installments, on January 19, 2013 and January 19, 2014.
- [F2]Fifty Two Thousand Five Hundred (52,500) restricted shares, subject to forfeiture, shall vest in equal quarterly installments on January 16, April 16, July 16, and October 16 of each year, beginning on January 16, 2013, such that the entire Fifty Two Thousand Five Hundred (52,500) shares of restricted stock will be vested as of July 16, 2014.
- [F3]Sixty Thousand (60,000) restricted shares, subject to forfeiture, shall vest as follows: (i) in 2012, 5,000 shares shall vest on December 31, 2012; (ii) in 2013, 25,000 shares shall vest in equal quarterly installments of 6,250 each, beginning on March 31, 2013, such that the full 25,000 shares shall have vested on December 31, 2013; and (iii) in 2014, 30,000 shares shall vest in equal quarterly installments of 7,500 shares each, beginning on March 31, 2014, such that the entire 30,000 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%.