Fuel Systems Solutions, Inc. 4
4 · Fuel Systems Solutions, Inc. · Filed Oct 4, 2006
Insider Transaction Report
Form 4
COSTALES THOMAS M
Chief Financial Officer
Transactions
- Award
Phantom Stock
2006-10-02$12.32/sh+7$86→ 283 total→ Common Stock (7 underlying)
Footnotes (3)
- [F1]Shares of phantom stock are convertible into shares of the company's common stock on a 1-for-1 basis.
- [F2]The shares of phantom stock vest based on the length of time the reported person has been employed by the company. After two years of employment 25% of the total phantom shares owned vest, after three years 50% vest, after four years 75% vest and after five years all phantom shares owned at the time or acquired after that time are fully vested. Mr. Costales began his employment with the company on May 1, 2005.
- [F3]Shares of phantom stock are held through the company's deferred compensation plan and are payable in cash following termination of the reporting person's employment with the company.