RIESENFELD STEFAN C 4
4 · LEARNING TREE INTERNATIONAL INC · Filed Jan 14, 2009
Insider Transaction Report
Form 4
RIESENFELD STEFAN C
Director
Transactions
- Disposition to Issuer
Common Stock
2008-12-31−956→ 5,690 total - Award
Employee Stock Option (right to buy)
2008-10-24$10.61/sh+8,427$89,410→ 8,427 totalExercise: $10.61From: 2009-12-31Exp: 2013-12-15→ Common Stock (8,427 underlying) - Award
Common Stock
2008-10-24$10.61/sh+2,828$30,005→ 6,646 total
Holdings
- 1,802
Employee Stock Option (right to buy)
Exercise: $20.70From: 2008-12-31Exp: 2012-12-15→ Common Stock (1,802 underlying) - 9,090
Employee Stock Option (right to buy)
Exercise: $12.66From: 2007-12-31Exp: 2012-06-24→ Common Stock (9,090 underlying) - 5,000
Employee Stock Option (right to buy)
Exercise: $8.71From: 2007-10-01Exp: 2010-09-30→ Common Stock (5,000 underlying)
Footnotes (9)
- [F1]Grant of Restricted Common Stock pursuant to 2007 Equity Incentive Plan. The Reporting Person may earn all or a percentage of the shares ("Earned Shares") based on the percent of achievement of incentive targets related to isuer's operating results reported for fiscal year 2009. Any Earned Shares vest thirty-three and one-third percent (33.33%) on January 1 of 2010, 2011, and 2012. Unearned shares will be deemed repurchased by issuer on December 31, 2009 for the aggregate price of $1.00 regardless of the number of shares involved. Unvested Earned Shares, if any, on the date the Reporting Person ceases to be a director of issuer will be deemed repurchased by issuer for the aggregate price of $1.00 regardless of the number of shares involved. The Reporting Person will have no rights with respect to repurchased shares.
- [F2]Maximum number of shares that may be earned pursuant to grant reported herein.
- [F3]The maximum number of shares that may be earned pursuant to all grants of restricted common stock.
- [F4]Forfeiture of restricted common stock granted October 15, 2007 under issuer's 2007 Equity Incentive Plan in accordance with terms of grant. Reporting Person earned a total of 493 shares which vest thirty-three and one-third percent (33.33%) on January 1 of 2009, 2010, and 2011.
- [F5]Grant of non-qualified stock option pursuant to 2007 Equity Incentive Plan. The Reporting Person may earn all or a percentage of the options based on achievement of incentive targets related to operating results of issuer reported for fiscal year 2009. Any earned options will vest thirty-three and one-third percent (33.33%) on December 31 of 2009, 2010, and 2011.
- [F6]The maximum number of shares that may be earned under this option, subject to achievement of incentive targets related to issuer's operating results reported for fiscal year 2009, and vesting.
- [F7]Pursuant to issuer's 2007 Equity Incentive Plan, the Reporting Person was granted employee stock options (right to buy) for a maximum of 5,291 shares of issuer's common stock subject to achievement of issuer's operating income targets reported for fiscal year 2008. The Reporting Person earned options to purchase 1,802 shares. Such options vest thirty-three and one-third percent (33.33%) on December 31 of 2008, 2009, and 2010.
- [F8]Pursuant to issuer's 2007 Equity Incentive Plan, the Reporting Person was granted employee stock options (right to buy) for a maximum of 9,090 shares of issuer's common stock subject to achievement of issuer's operating income targets reported for fiscal year 2007. The Reporting Person earned options to purchase 9,090 shares. Such options vest thirty-three and one-third percent (33.33%) on December 31 of 2007, 2008, and 2009.
- [F9]Options vest thirty-three and one-third percent (33.33%) on October 1 of 2007, 2008, and 2009.