BEIAN PONCZAK KRISTINE A 4
4 · RURAL/METRO CORP /DE/ · Filed Sep 17, 2010
Insider Transaction Report
Form 4
BEIAN PONCZAK KRISTINE A
Sr. VP, CFO & Secretary
Transactions
- Award
Common Stock
2010-09-15+20,000→ 50,272 total - Tax Payment
Common Stock
2010-09-15$8.31/sh−2,364$19,645→ 47,908 total - Award
Stock Appreciation Right
2010-09-15+22,331→ 22,331 totalExercise: $8.31Exp: 2017-09-15→ Common Stock (22,331 underlying)
Footnotes (4)
- [F1]On August 10, 2009, the Reporting Person was granted 20,000 Restricted Stock Units ("RSUs"). The RSUs vest in three annual installments beginning on August 10, 2010, subject to (a) the Reporting Person's continued service with the Issuer's achievement of certain performance goals (the "Performance Goals").
- [F2]On September 15, 2010, the Issuer's Board of Directors determined that the Issuer had achieved the Performance Goals. Accordingly, the RSUs were deemed "earned" as of September 15, 2010, and all conditions relating to the first 6,666 shares of Common Stock were deemed to be satisfied. Of the 6,666 shares of Common Stock, the Company withheld 2,364 shares to satisfy the Reporting Person's withholding tax liability, and issued 4,302 shares of Common Stock to the Reporting Person.
- [F3]Represents 27,907 shares of outstanding Common Stock held by the Reporting Person and 20,001 shares underlying RSUs that remain subject to time-based vesting.
- [F4]Stock Appreciation Right ("SAR") grant pursuant to Rural/Metro Corporation 2008 Incentive Stock Plan, exercisable in three annual installments beginning September 15, 2011. Upon exercise, SAR will settle in stock.