MAC-GRAY CORP 4
4 · MAC-GRAY CORP · Filed Oct 4, 2013
Insider Transaction Report
Form 4
Percelay Bruce A
Director
Transactions
- Award
Common Stock
2013-10-02$14.56/sh+386$5,620→ 6,841 total
Footnotes (1)
- [F1]Shares were acquired under the Directors' compensation plan approved by the Company's Board of Directors. The compensation plan provides that a director who is not an employee of the Company shall receive an annual fee for his/her services with such fee to be paid quarterly in the form of shares of the Company's common stock with respect to 75% of the fee if the director has not met the target stock ownership requirement under the Mac-Gray Corporation Stock Ownership Guidelines, with the balance to be paid in cash or shares of the Company's stock, at the director's election.