Perry Jeff D 4
4 · RURAL/METRO CORP /DE/ · Filed Sep 17, 2010
Insider Transaction Report
Form 4
Perry Jeff D
SVP & CIO
Transactions
- Tax Payment
Common Stock
2010-09-15$8.31/sh−946$7,861→ 12,017 total - Award
Stock Appreciation Right
2010-09-15+8,845→ 8,845 totalExercise: $8.31Exp: 2017-09-15→ Common Stock (8,845 underlying)
Footnotes (4)
- [F1]Prior to this transaction, the Reporting Person owned 10,167 Restricted Stock Units ("RSUs"). An aggregate of 8,000 of the RSUs vest in three annual installments beginning on August 10, 2010, subject to (a) the Reporting Person's continued service with the Issuer, and (b) 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, all conditions relating to 2,666 shares of Common Stock were deemed to be satisfied. Of the 2,666 shares of Common Stock, the Company withheld 946 shares to satisfy the Reporting Person's withholding tax liability, and issued 1,720 shares of Common Stock to the Reporting Person.
- [F3]Represents (a) 4,516 shares of outstanding Common Stock held by the Reporting Person and (b) 7,501 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.