Miller Craig S 4
4 · Tim Hortons Inc. · Filed Aug 13, 2009
Insider Transaction Report
Form 4
Miller Craig S
Director
Transactions
- Award
Deferred Share Units
2009-08-11+457.876→ 4,629.566 total→ Common Stock (457.876 underlying)
Footnotes (3)
- [F1]Each Deferred Share Unit (DSU) is the economic equivalent of a share of common stock of the issuer. These DSUs are Voluntary 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.
- [F2]The number of Voluntary 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$32.76).
- [F3]The number of derivative securities beneficially owned includes additional DSUs acquired in connection with the automatic conversion of dividend equivalent rights (associated with outstanding DSUs) into additional DSUs after each quarterly dividend payment date.