Harrell Ronald 4
4 · UNION DRILLING INC · Filed Dec 7, 2009
Insider Transaction Report
Form 4
Harrell Ronald
Director
Transactions
- Award
Option Right-to-Buy
2009-12-03+7,912→ 35,471 totalExercise: $6.32Exp: 2019-12-03→ Common Stock (7,912 underlying) - Award
Restricted Stock Units
2009-12-03+3,956→ 39,427 total→ Common Stock (3,956 underlying)
Footnotes (3)
- [F1]Absent an earlier forfeiture or acceleration event, options will vest and become exercisable as follows: 1,978 shares on each of 12/03/09, 12/03/10, 12/03/11 and 12/03/12.
- [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, the RSUs will vest based upon the reporting person's continued service as a director over a three year period.