FONTAINE JAMES A 4
4 · MICROTUNE INC · Filed Feb 17, 2010
Insider Transaction Report
Form 4
MICROTUNE INCTUNE
FONTAINE JAMES A
DirectorCEO & President
Transactions
- Award
Restricted Stock Units
2010-02-15+147,778→ 147,778 total→ Common Stock (147,778 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Microtune common stock.
- [F2]The number of restricted stock units that shall actually vest shall be determined based on the Compensation Committee's review and evaluation of Microtune's performance in fiscal year 2010 based upon the terms and conditions of Microtune's 2010 Incentive Compensation Program, which was adopted on February 10, 2010 by the Board of Directors of Microtune, upon the recommendation of the Compensation Committee thereof. Any restricted stock units that do not vest upon the Compensation Committee's determination shall be forfeited.
- [F3]As of February 17, 2010, the reporting person holds 361,330 restricted stock units, including 60,342 that were granted on May 10, 2007, 73,210 that were granted on May 12, 2008, and 80,000 that were granted on May 15, 2009 and all of which vest over time. As reported herein, 147,778 restricted stock units were granted on February 15, 2010 under Microtune's 2010 Incentive Compensation Program. The awards made on May 10, 2007 and May 12, 2008 were originally for 80,000 restricted stock units each but they were reduced pursuant to a divorce decree entered in 2009.