DATALINK CORP 4
4 · DATALINK CORP · Filed Feb 29, 2016
Insider Transaction Report
Form 4
DATALINK CORPDTLK
Westenfield Denise
VP, Controller, Chief Acct Off
Transactions
- Award
Performance Stock Unit (PSU)
2016-02-26+11,430→ 11,430 totalExp: 2021-02-26→ Common Stock (11,430 underlying) - Tax Payment
Common Stock
2016-02-25$6.50/sh−519$3,374→ 38,379 total - Award
Common Stock
2016-02-26+7,720→ 46,099 total - Award
Stock Options
2016-02-26+38,230→ 38,230 totalExercise: $6.83Exp: 2026-02-26→ Common Stock (38,230 underlying)
Footnotes (4)
- [F1]Restricted stock grant award vesting 50% on second anniversary, 25% on third anniversary and 25% on fourth anniversary of the grant date.
- [F2]Stock option grant award vesting 50% on second anniversary, 25% on third anniversary and 25% on fourth anniversary of the grant date.
- [F3]Each PSU represents a contingent right to receive one share of common stock.
- [F4]The PSU grant vesting schedule: 1/3 of PSU grant vests 2/26/2019 if the company's stock achieves a market price of $9.00/share; another 1/3 of PSU grant vests 2/26/2020 if the company's stock achieves a market price of $11.00/share; the final 1/3 of PSU grant vests 2/26/2021 if the company's stock achieves a market price of $13.00/share.