HOSPIRA INC 4
4 · HOSPIRA INC · Filed Mar 3, 2014
Insider Transaction Report
Form 4
HOSPIRA INCHSP
Ramachandra Sumant
Senior Vice President and CSO
Transactions
- Award
Stock Options (right to buy)
2014-02-26+59,259→ 59,259 totalExercise: $42.70Exp: 2014-02-26→ Common Stock (59,259 underlying) - Award
Common Stock
2014-02-26+22,639→ 61,107 total
Footnotes (2)
- [F1]Award of time-vested restricted stock units. The units vest over a three-year period beginning on the first anniversary of the date of grant in equal installments of one-third per year, based on continued employment. Thus, the RSUs will vest on February 26, 2015, 2016, and 2017, and are paid out only in Hospira stock, unless forfeited earlier for voluntary departure or termination for cause.
- [F2]The stock options vest in four equal annual installments on February 26, 2015, 2016, 2017 and 2018. The exercise price of $42.70 is the average of the high and low trading prices of Hospira common stock on the date of grant. The stock options have a seven-year term.