Hildebrandt Emery Scott 4
4 · PLANAR SYSTEMS INC · Filed Nov 24, 2009
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Performance Rights
2009-11-20−15,000→ 0 totalExercise: $0.00→ Common Stock (15,000 underlying) - Award
Common Stock
2009-11-20+121,667→ 240,907 total
Footnotes (2)
- [F1]This award consists of 40,000 shares previously subject to outstanding performance rights (including 15,000 performance rights granted on 10/10/2008) that were modified and repurposed as restricted stock, plus an additional 81,667 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 80,000 performance rights remain outstanding.
- [F2]Includes 121,667 shares that are unvested but have voting rights.