4//SEC Filing
FONTAINE JAMES A 4
Accession 0001181431-09-006872
CIK 0001108058other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 6:59 PM ET
Size
13.0 KB
Accession
0001181431-09-006872
Insider Transaction Report
Form 4
MICROTUNE INCTUNE
FONTAINE JAMES A
DirectorCEO & President
Transactions
- Exercise/Conversion
Common Stock
2009-02-03+8,071→ 196,055 total - Exercise/Conversion
Restricted Stock Units
2009-02-03−8,071→ 0 total→ Common Stock (8,071 underlying) - Tax Payment
Common Stock
2009-02-03$1.91/sh−2,635$5,033→ 193,420 total - Other
Restricted Stock Units
2009-02-03−26,929→ 0 total→ Common Stock (26,929 underlying)
Footnotes (6)
- [F1]Common stock of Microtune, Inc. (the "Company") awarded upon achievement of performance criteria pursuant to the Company's 2008 Incentive Compensation Program. On February 3, 2009, after reviewing the Company's performance during fiscal 2008 and based on the Compensation Committee's recommendation, the Company's Board of Directors determined that 8,071 of 35,000 restricted stock unit awards issued pursuant to the Company's 2008 Incentive Compensation Program vested on February 3, 2009, with the remaining amount being forfeited. See the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on February 12, 2008 for a description of the 2008 Incentive Compensation Program.
- [F2]Represents a reduction of shares issued to the reporting person to discharge withholding tax obligations in connection with the vesting of performance based restricted stock units on February 3, 2009.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F4]After reviewing the Company's performance during fiscal 2008 and based on the Compensation Committee's recommendation, the Company's Board of Directors determined that 8,071 of 35,000 restricted stock unit awards issued pursuant to the Company's 2008 Incentive Compensation Program vested on February 3, 2009, with the remaining amount being forfeited. Each restricted stock unit converted into one share of the Company's common stock.
- [F5]As of February 5, 2009, the reporting person holds 160,000 restricted stock units, including 80,000 that were granted under the Amended and Restated Microtune, Inc. 2000 Stock Plan on May 10, 2007 and which vest over time and 80,000 that were granted under the Amended and Restated Microtune, Inc. 2000 Stock Plan on May 12, 2008 and which vest over time.
- [F6]The reporting person reports that 26,929 unvested restricted stock units were forfeited back to the Company on February 3, 2009. Each restricted stock unit represented a contingent right to receive one share of the Company's common stock. After reviewing the Company's performance during fiscal 2008 and based on the Compensation Committee's recommendation, the Company's Board of Directors determined that 26,929 restricted stock unit awards would not vest under the Company's 2008 Incentive Compensation Program, and therefore these restricted stock units were thereby forfeited.
Documents
Issuer
MICROTUNE INC
CIK 0001108058
Entity typeother
Related Parties
1- filerCIK 0001254724
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 6:59 PM ET
- Size
- 13.0 KB