Hornish Thomas E 4
4 · OUTDOOR CHANNEL HOLDINGS INC · Filed Apr 2, 2013
Insider Transaction Report
Form 4
Hornish Thomas E
COO/General Counsel
Transactions
- Tax Payment
Common Stock
2013-03-31$8.92/sh−3,758$33,521→ 337,002 total
Footnotes (3)
- [F1]Five Thousand (5,000) shares are restricted shares, subject to forfeiture, such shares of restricted stock shall vest on April 15, 2013.
- [F2]One Hundred Ten Thousand (110,000) restricted shares, subject to forfeiture shall vest as follows: (i) In 2013, 30,000 shares shall vest in equal quarterly installments of 10,000 shares each, beginning on June 30, 2013, such that the entire 30,000 shares shall have vested on December 31, 2013; and (ii) In 2014, 80,000 shares shall vest in equal quarterly installments of 20,000 shares each, beginning on March 31, 2014, such that the entire 80,000 shares shall have vested on December 31, 2014.
- [F3]Notwithstanding the foregoing, upon a change in control, the vesting of all restricted shares shall accelerate 100%.