4//SEC Filing
Schorer Steven T 4
Accession 0001181431-10-036857
CIK 0001338916other
Filed
Jul 6, 8:00 PM ET
Accepted
Jul 7, 5:03 PM ET
Size
11.6 KB
Accession
0001181431-10-036857
Insider Transaction Report
Form 4
Schorer Steven T
President, GPSS Division
Transactions
- Disposition to Issuer
Performance Units
2010-07-07$17.55/sh−35,000$614,250→ 0 total→ Class A Common Stock (35,000 underlying) - Disposition to Issuer
Restricted Stock Units
2010-07-07$17.55/sh−3,706$65,040→ 0 total→ Class A Common Stock (3,706 underlying) - Disposition to Issuer
Restricted Stock Units
2010-07-07$17.55/sh−35,000$614,250→ 0 total→ Class A Common Stock (35,000 underlying)
Footnotes (5)
- [F1]Each performance-based Restricted Stock Unit represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day. The RSUs vest upon the Issuer's satisfaction of certain performance criteria for the period commencing on April 4, 2009 (the beginning of Issuer's fiscal year 2010) and ending on March 30, 2012 (the end of the Issuers fiscal year 2012).
- [F2]Not Applicable.
- [F3]The service-based Restricted Stock Units vest in two equal installments--50% on June 4, 2011 and 50% on June 4, 2012. Each service-based RSU represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day.
- [F4]Each Restricted Stock Unit outstanding immediately prior to the effective time of the merger was automatically converted into the right to receive $17.55 per unit in cash, an amount equal to the amount of consideration that would be payable at the effective time of the merger in respect of the number of issuer's common stock issuable upon exchange of each such Restricted Stock Unit. This transaction is exempt under Rule 16b-3(e).
- [F5]The entire amount of Restricted Stock Units will vest on June 26, 2011 provided the Issuer achieves a specified level of EBITDA for fiscal year 2011. If not so vested, the RSUs will be forfeited. Each performance-based Restricted Stock Unit represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day.
Documents
Issuer
DYNCORP INTERNATIONAL INC.
CIK 0001338916
Entity typeother
Related Parties
1- filerCIK 0001319497
Filing Metadata
- Form type
- 4
- Filed
- Jul 6, 8:00 PM ET
- Accepted
- Jul 7, 5:03 PM ET
- Size
- 11.6 KB