BARNES DOUGLAS K 4
4 · PLANAR SYSTEMS INC · Filed Nov 24, 2009
Insider Transaction Report
Form 4
BARNES DOUGLAS K
VP &GM Industrial Business
Transactions
- Disposition to Issuer
Common Stock
2009-11-20−33,333→ 6,417 totalExercise: $0.00→ Common Stock (33,333 underlying) - Award
Common Stock
2009-11-20+111,667→ 178,052 total
Footnotes (2)
- [F1]This award consists of 33,333 shares previously subject to outstanding performance rights (which were granted on 10/10/2008) that were modified and repurposed as restricted stock, plus an additional 78,334 shares of restricted stock. The restricted stock award is subject to a forfeiture restriction that lapses in 12 equal quarterly installments beginning with the fiscal quarter ending December 25, 2009. Each performance right represents a contingent right to receive one share of Planar Systems, Inc. common stock upon the achievement of certain stock price performance goals. An additional 66,667 performance rights remain outstanding.
- [F2]Includes 111,667 shares that are unvested but have voting rights.