NALL JAMES WILLIAM 4
4 · Fuel Systems Solutions, Inc. · Filed May 24, 2010
Insider Transaction Report
Form 4
NALL JAMES WILLIAM
Director
Transactions
- Discretionary Transaction
Phantom Stock
2010-05-20$28.12/sh−1,109$31,185→ 933 total→ Common Stock (1,109 underlying)
Footnotes (3)
- [F1]One phantom share represents the economic equivalent of one share of the Company's common stock.
- [F2]Shares of phantom stock resulting from the deferral of fees are 100% vested upon deferral. Shares of phantom stock resulting from the Company contributions vest based on the length of time the reported person has been a director of the Company. After two years of service as a director 25% of the phantom stock owned vest, after three years 50% vest, after four years 75% vest and after five years all phantom shares owned at the time or acquired after that time are fully vested. Mr. Nall began service as a director in May 2008 and holds 700 unvested shares of phantom stock.
- [F3]Shares of phantom stock are held through the Company's deferred compensation plan and are payable in cash following termination of the reporting person's service as a director of the Company.