Stibitz Mark C 4
4 · PMC SIERRA INC · Filed May 27, 2010
Insider Transaction Report
Form 4
PMC SIERRA INCPMCS
Stibitz Mark C
VP, GM Enterprise Storage
Transactions
- Award
Common Stock
2010-05-25+30,000→ 103,708 total - Tax Payment
Common Stock
2010-05-25$8.05/sh−1,481$11,922→ 102,227 total
Footnotes (3)
- [F1]Shares are represented by restricted stock units. Each restricted stock unit represents a contingent right to receive one share of PMC-Sierra, Inc. common stock.
- [F2]The restricted stock units vest over a four-year period with fifty percent (50%) vesting twenty-four months after the award date and an additional twenty-five percent (25%) vesting each twelve-month period thereafter.
- [F3]The shares were withheld by the Issuer in satisfaction of the withholding taxes incurred in connection with the vesting of restricted stock units previously awarded to the Reporting Person.