4//SEC Filing
Waldron Charles R 4
Accession 0001181431-09-002911
CIK 0001002037other
Filed
Jan 14, 7:00 PM ET
Accepted
Jan 15, 7:27 PM ET
Size
14.8 KB
Accession
0001181431-09-002911
Insider Transaction Report
Form 4
Waldron Charles R
Chief Financial Officer
Transactions
- Award
Employee Stock Option (right to buy)
2008-12-03$10.22/sh+50,000$511,000→ 50,000 totalExercise: $10.22From: 2009-12-31Exp: 2013-12-15→ Common Stock (50,000 underlying) - Award
Common Stock
2008-10-24$10.61/sh+4,705$49,920→ 7,024 total - Disposition to Issuer
Common Stock
2008-12-31−1,530→ 5,494 total - Award
Employee Stock Option (right to buy)
2008-10-24$10.61/sh+14,022$148,773→ 14,022 totalExercise: $10.61From: 2009-12-31Exp: 2013-12-15→ Common Stock (14,022 underlying)
Holdings
- 2,884
Employee Stock Option (right to buy)
Exercise: $20.70From: 2008-12-31Exp: 2012-12-15→ Common Stock (2,884 underlying)
Footnotes (8)
- [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 operating results of issuer reported for fiscal year 2009. Any Earned Shares vest thirty-three and one-third percent (33.33%) on December 31 of 2009, 2010, and 2011 provided Reporting Person is still employed by issuer on each vesting date. 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 employed by issuer will be deemed repurchased by the 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 of restricted common stock reported herein.
- [F3]Maximum number of shares of common stock 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 789 shares which vest thirty-three and one-third percent (33.33%) on December 31 of 2008, 2009, and 2010.
- [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 operating results of issuer reported for fiscal year 2009, and vesting.
- [F7]Grant of non-qualified stock option pursuant to 2007 Equity Incentive Plan. Options vest thirty-three and one-third percent (33.33%) on December 31 of 2009, 2010 and 2011.
- [F8]Pursuant to issuer's 2007 Equity Incentive Plan, the Reporting Person was granted employee stock options (right to buy) for a maximum of 8,466 shares of issuer's common stock subject to achievement of targets for isuer's operating income reported for fiscal year 2008. The Reporting Person earned options to purchase 2,884 shares. Such options vest thirty-three and one-third percent (33.33%) on December 31 of 2008, 2009 and 2010.
Documents
Issuer
LEARNING TREE INTERNATIONAL INC
CIK 0001002037
Entity typeother
Related Parties
1- filerCIK 0001325487
Filing Metadata
- Form type
- 4
- Filed
- Jan 14, 7:00 PM ET
- Accepted
- Jan 15, 7:27 PM ET
- Size
- 14.8 KB