CHARMING SHOPPES INC 4
4 · CHARMING SHOPPES INC · Filed Jun 27, 2008
Insider Transaction Report
Form 4
Bennet Richard Wilson III
Director
Transactions
- Award
Restricted Stock Units
2008-06-26+26,412→ 26,412 total→ Common Stock (26,412 underlying) - Award
Common Stock
2008-06-26+3,000→ 3,000 total
Footnotes (2)
- [F1]Restricted Share Units ("RSU") automatically granted under the Company's 2003 Non-Employee Directors Compensation Plan, as amended, for no consideration other than services, in a transaction exempt under Rule 16b-3(d), which will vest and become non-forfeitable at June 1, 2009 or earlier in the event of death, disability, a change in control, or termination of service as a director in certain other circumstances. RSUs will be settled upon vesting, except that the Reporting Person may elect to defer settlement, in which case deferred RSUs will be settled solely by delivery of shares in a lump sum or in installments at or following the Reporting Person's termination of service as a director in accordance with such deferral election.
- [F2]Restricted Stock Units settleable in cash ("CRSUs"), automatically granted under the Company's 2003 Non-Employee Directors Compensation Plan, as amended, for no consideration other than services, in a transaction exempt under Rule 16b-3(d), which will vest and become non-forfeitable at the same time and on the same basis as share-settled RSUs (See footnote 1 above). CRSUs settled upon vesting will be settled in cash. The Reporting Person may elect to defer settlement, in which case deferred CRSUs will be settled solely by delivery of shares in a lump sum or installments following the Reporting Person's termination of service as a director in accordance with such deferral election.