CLEAN DIESEL TECHNOLOGIES INC 4
4 · CLEAN DIESEL TECHNOLOGIES INC · Filed Dec 22, 2015
Insider Transaction Report
Form 4
Becker Till
Director
Transactions
- Exercise/Conversion
Common Stock
2015-12-18+7,537→ 19,245 total - Exercise/Conversion
Restricted Share Units
2015-12-18−7,537→ 0 total→ Common Stock (7,537 underlying)
Footnotes (4)
- [F1]Shares of Common Stock acquired upon settlement of Restricted Share Units (RSUs) granted May 20, 2015 pursuant to the Clean Diesel Technologies, Inc. (CDTI) Stock Incentive Plan.
- [F2]The total holdings include 7538 shares underlying restricted stock units and share equivalent units that were previously reported in Table II.
- [F3]Each RSU represents a contingent right to receive one share of CDTI's common stock.
- [F4]RSU vests as to 50% on November 20, 2015, settlement of which was delayed until December 18, 2015, and 50% on the earlier of 1) May 20, 2016, or 2) immediately prior to the commencement of the CDTI's 2016 annual meeting of stockholders, in each case as long as the reporting person has continuously remained a director of, or consultant to, CDTI through such date. Issuance to occur as soon as practicable following the date of vesting, or as otherwise determined by the Compensation and Nominating Committee and subject to compliance with CDTI's Insider Trading Policy, but in all cases within two and one-half months following the end of CDTI's tax year that includes the date such RSUs vest.