Gibson Mickeul B. 4
4 · RURAL/METRO CORP /DE/ · Filed Aug 13, 2010
Insider Transaction Report
Form 4
Gibson Mickeul B.
Exec. VP and COO
Transactions
- Tax Payment
Common Stock
2010-08-11$7.66/sh−1,323$10,134→ 29,854 total
Footnotes (2)
- [F1]Prior to this transaction, the Reporting Person owned 27,500 Restricted Stock Units ("RSUs"). An aggregate of 10,000 RSUs vest in annual installments of 5,000 shares each on August 11, 2010 and August 11, 2011, subject to (a) the Reporting Person's continued service with Issuer and (b) the Issuer's achievement of certain performance goals that have already been met. Accordingly, all conditions relating to the vesting of 5,000 shares of Common Stock were satisfied as of August 11, 2010. Of the 5,000 shares of Common Stock, the Company withheld 1,323 shares to satisfy the Reporting Person's withholding tax liability, and issued 3,677 shares of Common Stock to the Reporting Person.
- [F2]Represents (a) 7,354 shares of outstanding Common Stock held by the Reporting Person, (b) 5,000 shares of Common Stock underlying RSUs that remain subject to time-based vesting and (c) 17,500 shares of Common Stock underlying RSUs, the vesting of which remains subject to (i) the Reporting Person's continued service with the Issuer and (ii) the Issuer's achievement of certain performance goals.