NALL JAMES WILLIAM 4
4 · Fuel Systems Solutions, Inc. · Filed Nov 17, 2009
Insider Transaction Report
Form 4
NALL JAMES WILLIAM
Director
Transactions
- Disposition to Issuer
Phantom Shares
2009-11-13$48.02/sh−2,251$108,093→ 2,042 total→ Common Stock (2,251 underlying)
Footnotes (3)
- [F1]Shares of phantom stock are convertible into shares of the company's common stock on a 1-for-1 basis.
- [F2]The shares of phantom stock vest based on the length of time the reported person has been a director of the company. After two years of service as a director 25% of the total phantom shares owned vest, after three years 50% vest, and after five years all phantom shares owned at that time or acquired after that time are fully vested. Mr. Nall began his service as a director in May 2008. Mr. Nall began his service as director in May 2008 and holds 934 unvested shares of phantom stock.
- [F3]Shares of phantom stock are held through company's deferred compensation plan and are payable in cash following termination of the reporting person's service as a director of the company.