Allery Brian O 4
4 · RURAL/METRO CORP /DE/ · Filed Sep 18, 2009
Insider Transaction Report
Form 4
Allery Brian O
Sr. VP & Chief Admin. Officer
Transactions
- Tax Payment
Common Stock
2009-09-16$4.01/sh−1,773$7,110→ 13,253 total - Award
Common Stock
2009-09-16+15,000→ 15,026 total
Footnotes (3)
- [F1]On August 11, 2008, the Reporting Person was granted 15,000 Restricted Stock Units ("RSUs"). The RSUs vest in three annual installments beginning on August 11, 2009, subject to (a) the Reporting Person's continued service with the Issuer, and (b) the Issuer's achievement of consolidated budgeted net income from continuing operations for fiscal 2009, as determined by the Issuer's Board of Directors (the "Performance Goal").
- [F2]On September 16, 2009, the Issuer's Board of Directors determined that the Issuer had achieved the Performance Goal. Accordingly, the RSUs were deemed "earned" as of September 16, 2009, and all conditions relating to the first 5,000 shares of Common Stock were deemed to be satisfied. Of the 5,000 shares of Common Stock, the Company withheld 1,773 shares to satisfy the Reporting Person's withholding tax liability, and issued 3,227 shares of Common Stock to the Reporting Person.
- [F3]Represents 3,253 shares of outstanding Common Stock held by the Reporting Person and 10,000 shares underlying RSUs that remain subject to time-based vesting.