Fuel Systems Solutions, Inc. 4
4 · Fuel Systems Solutions, Inc. · Filed Jan 24, 2008
Insider Transaction Report
Form 4
Di Toro Marco
Director
Transactions
- Award
Phantom Stock
2008-01-23$11.68/sh−274$3,200→ 703 total→ Common Stock (274 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 reported person has been director of the company. After two years of service as director 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 that time or acquired after that time are fully vested. Mr. Di Toro began his service as director in April 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 service as director of the company.