APPEL MICHAEL 4
4 · CHARMING SHOPPES INC · Filed Jun 26, 2009
Insider Transaction Report
Form 4
APPEL MICHAEL
Director
Transactions
- Award
Restricted Stock Units
2009-06-25+37,604→ 64,016 total→ Common Stock (37,604 underlying)
Footnotes (1)
- [F1]Restricted Stock Units settleable in cash ("CRSUs"), automatically granted under the Company's 2003 Non-Employee Directors Compensation Plan for no consideration other than services, in a transaction exempt under Rule 16b-3(d), which will vest and become non-forfeitable at June 1, 2010 or earlier upon death, disability, a change in control, or termination of services as a Director in certain other cases. CRSUs will be settled upon vesting in cash, except that the Reporting Person may elect instead (i) to receive settlement by delivery of shares of Common Stock, or (ii) to defer settlement, in which case deferred CRSUs will be settled soley by delivery of shares of Common Stock in a lump sum or installments following termination of service as a Director. Where shares of Common Stock will be delivered in settlement, one share will be delivered for each CRSU being settled.