SENK GLEN T 4
4 · URBAN OUTFITTERS INC · Filed Nov 17, 2009
Insider Transaction Report
Form 4
SENK GLEN T
DirectorChief Executive Officer
Transactions
- Award
Performance Based Restricted Stock Unit
2009-11-17+1,000,000→ 1,000,000 total→ Common stock (1,000,000 underlying)
Footnotes (2)
- [F1]Each Performance-Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the issuer's common stock.
- [F2]One-third of the total number of PSUs are eligible to vest on each of January 31, 2015, January 31, 2016, and January 31, 2017, except that additional PSUs may vest on January 31, 2017 if the maximum number of eligible PSUs did not vest in the two prior years, provided that the total number of PSUs vesting over the life of the grant is capped at 1,000,000 PSUs. The number of PSUs vesting on each such date, if any, depends upon the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for earnings per share and revenue, as well as the average closing price of the issuer's common stock during the applicable fiscal year. If the reporting person is terminated before a vesting date, the PSUs not then vested are forfeited. Vesting of the PSUs will accelerate upon a change in control of the issuer.