4//SEC Filing
LEARNING TREE INTERNATIONAL INC 4
Accession 0001181431-09-002711
CIK 0001002037operating
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 6:46 PM ET
Size
20.4 KB
Accession
0001181431-09-002711
Insider Transaction Report
Form 4
JUECHTER W MATHEW
Director
Transactions
- Award
Common Stock
2008-10-24$10.61/sh+2,828$30,005→ 36,406 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) - Disposition to Issuer
Common Stock
2008-12-31−956→ 35,450 total
Holdings
- 1,802
Employee Stock Option (right to buy)
Exercise: $20.70From: 2008-12-31Exp: 2012-12-15→ Common Stock (1,802 underlying) - 2,500
Employee Stock Option (right to buy)
Exercise: $11.87From: 2007-04-01Exp: 2010-03-31→ Common Stock (2,500 underlying) - 9,090
Employee Stock Option (right to buy)
Exercise: $12.66From: 2007-12-31Exp: 2012-06-24→ Common Stock (9,090 underlying) - 2,500
Employee Stock Option (right to buy)
Exercise: $13.02From: 2006-04-01Exp: 2009-03-31→ Common Stock (2,500 underlying)
Footnotes (11)
- [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 issuer'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.
- [F10]Options vest thirty-three and one-third percent (33.33%) on April 1 of 2007, 2008 and 2009.
- [F11]Options vest thirty-three and one-third percent (33.33%) on April 1 of 2006, 2007 and 2008.
- [F2]Maximum number of shares that may be earned pursuant to grant reported herein.
- [F3]Includes maximum of 6,646 shares of restricted common stock which 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. Ownership includes maximum of 5,690 shares of restricted common stock which may be earned pursuant to all grants of restricted common stock provided Reporting Person is still a director of issuer on vesting dates.
- [F5]Includes maximum of 5,690 shares of restricted common stock which may be earned pursuant to all grants of restricted common stock.
- [F6]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.
- [F7]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.
- [F8]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.
- [F9]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 isuer'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 each of December 31, 2007, 2008 and 2009.
Issuer
LEARNING TREE INTERNATIONAL INC
CIK 0001002037
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001002037
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 6:46 PM ET
- Size
- 20.4 KB