LEARNING TREE INTERNATIONAL INC 4
4 · LEARNING TREE INTERNATIONAL INC · Filed Jan 29, 2010
Insider Transaction Report
Form 4
SCHACHT NICHOLAS
DirectorPresident, CEO
Transactions
- Award
Restricted Stock Units
2009-11-02+9,494→ 9,494 total→ Common Stock (9,494 underlying) - Tax Payment
Common Stock
2009-12-31$11.94/sh−922$11,009→ 16,170 total - Disposition to Issuer
Common Stock
2010-01-06−8,234→ 7,936 total - Award
Common Stock
2009-11-02+1,806→ 17,741 total - Tax Payment
Common Stock
2009-11-02$10.52/sh−649$6,827→ 17,092 total
Holdings
- 100,000
Employee Stock Options (right to buy)
Exercise: $14.01From: 2006-10-01Exp: 2010-09-30→ Common Stock (100,000 underlying) - 24,242
Employee Stock Options (right to buy)
Exercise: $12.66From: 2007-12-31Exp: 2012-06-24→ Common Stock (24,242 underlying) - 5,046
Employee Stock Options (right to buy)
Exercise: $20.70From: 2008-12-31Exp: 2012-12-15→ Common Stock (5,046 underlying)
Footnotes (5)
- [F1]Grant of common stock pursuant to Issuer's 2007 Equity Incentive Plan.
- [F2]Surrender of vested shares to fulfill tax withholding obligations.
- [F3]Forfeiture, in accordance with terms of grant, of restricted common stock granted October 24, 2008 pursuant to Issuer's 2007 Equity Incentive Plan.
- [F4]Grant of restricted stock units ("RS Units") pursuant to Issuer's 2007 Equity Incentive Plan. Each RS Unit represents a right to receive one share of Issuer's common stock provided Reporting Person has been continuously employeed by Issuer as of the date of vesting. RS Units vest one-third on each of the first three anniversaries of the grant date. The Reporting Person will have no right to receive any shares of common stock under this grant (i) if Issuer does not report an operating profit for its 2010 fiscal year or (ii) with respect to any issuance scheduled to occur after he ceases to be an employee of Issuer (whether voluntarily or involuntarily). Reporting Person has no rights or privileges as a stockholder of Issuer with respect to RS Units unless and until a certificate for shares has been issued.
- [F5]Not applicable.