HITTITE MICROWAVE CORP 4
4 · HITTITE MICROWAVE CORP · Filed Mar 11, 2014
Insider Transaction Report
Form 4
Boecke William W
Treasurer and CFO
Transactions
- Award
Time-Vested Restricted Stock Unit
2014-03-07+3,290→ 3,290 totalExp: 2018-03-07→ Common Stock (3,290 underlying) - Award
Performance-Vested Restricted Stock Unit
2014-03-07+3,290→ 3,290 totalExp: 2018-03-07→ Common Stock (3,290 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Hittite common stock. The restricted stock units vest in four equal annual installments on each of the first four anniversaries of the date of grant.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Hittite common stock. The restricted stock units vest in three equal installments on the second, third and fourth anniversaries of the date of grant, provided that performance conditions relating to the relative total shareholder return ("TSR") of Hittite's common stock over the two-year, three-year or four-year period, respectively, in comparison to the TSR of a group of comparable companies, is met. The number of shares that vest on each vesting date may be increased by up to 100% over the target award or decreased to as few as zero shares, depending on Hittite's relative TSR performance over such vesting period.