Wurtzburger Wendy 4
4 · URBAN OUTFITTERS INC · Filed Sep 10, 2010
Insider Transaction Report
Form 4
Wurtzburger Wendy
Co-President, Anthropologie
Transactions
- Award
Performance Based Restricted Stock Unit
2010-09-08+54,000→ 54,000 total→ Common stock (54,000 underlying) - Award
Stock Appreciation Right
2010-09-08+49,500→ 49,500 totalExercise: $32.80From: 2013-09-08Exp: 2018-09-07→ Common stock (49,500 underlying)
Footnotes (4)
- [F1]The Stock Appreciation Right ("SAR") entitles the reporting person, upon exercise, to the number of shares of common stock with a fair market value on the exercise date equal to: (i) the excess of the fair market value of a share of common stock on the exercise date over the base price of $32.80, times (ii) the number of SAR shares exercised.
- [F2]The SAR vests 50% on September 8, 2013, an additional 25% on September 8, 2014 and the remaining 25% on September 8, 2015.
- [F3]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the issuer's common stock.
- [F4]The PSUs are eligible to vest on April 1, 2015, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for operating profit for the fiscal years 2012, 2013, 2014, and 2015, as well as the average closing price of the issuer's common stock during fiscal year 2015.