Osborne Ronald W 4
4 · Tim Hortons Inc. · Filed Feb 27, 2009
Insider Transaction Report
Form 4
Osborne Ronald W
Director
Transactions
- Award
Deferred Share Units
2009-02-25$24.47/sh+707.317$17,308→ 707.317 total→ Common Stock (707.317 underlying) - Award
Deferred Share Units
2009-02-25+975.61→ 1,682.927 total→ Common Stock (975.61 underlying)
Footnotes (4)
- [F1]Each Deferred Share Unit (DSU) is the economic equivalent of a share of common stock of the issuer. These DSUs are Elective DSUs issued under the issuer's Non-Employee Director Deferred Stock Unit Plan. The DSUs will be settled in cash upon the director's separation from service.
- [F2]The number of Elective DSUs allocated to a reporting person is based on the mean of the high and low prices of the issuer's common stock on the Toronto Stock Exchange on the transaction date (C$30.75). The U.S. price reported represents the approximate equivalent of C$30.75, as converted into U.S. dollars on the transaction date using the 3:30 p.m. buying rate in Philadelphia Exchange.
- [F3]Each Deferred Share Unit (DSU) is the economic equivalent of a share of common stock of the issuer. These DSUs are Formula DSUs issued under the issuer's Non-Employee Director Deferred Stock Unit Plan. The DSUs will be settled in cash upon the director's separation from service.
- [F4]The number of Formula DSUs allocated to a reporting person is based on the mean of the high and low prices of the issuer's common stock on the Toronto Stock Exchange on the transaction date (C$30.75).