Goldberg David S 4
4 · UNION DRILLING INC · Filed Dec 7, 2009
Insider Transaction Report
Form 4
Goldberg David S
VP, Gen Counsel & Corp Sec
Transactions
- Award
Restricted Stock Units
2009-12-03+2,814→ 126,096 total→ Common Stock (2,814 underlying) - Award
Option Right-to-Buy
2009-12-03+5,627→ 123,282 totalExercise: $6.32Exp: 2019-12-03→ Common Stock (5,627 underlying)
Footnotes (3)
- [F1]Absent an earlier forfeiture or acceleration event, options will vest and become exercisable as follows: 1,406 shares on 12/03/10 and an additional 1,407 shares on each of 12/03/11, 12/03/12 and 12/03/13.
- [F2]Each RSU represents a contingent right to receive one share of Union Drilling, Inc. common stock; award date value of common stock was $6.32 per share (12/03/09 closing price).
- [F3]Absent an earlier forfeiture or acceleration event, the RSUs will vest based upon the reporting person's continued service to the company over a four year period.