McLennan William R 4
4 · ModusLink Global Solutions Inc · Filed Oct 5, 2010
Insider Transaction Report
Form 4
McLennan William R
Pres. Global Operations, ML
Transactions
- Tax Payment
Common Stock
2010-10-02$6.37/sh−2,117$13,485→ 108,023 total - Award
Stock Option (right to buy)
2010-10-01+40,000→ 40,000 totalExercise: $6.37From: 2011-10-01Exp: 2017-10-01→ Common Stock (40,000 underlying) - Award
Common Stock
2010-10-01+24,000→ 110,140 total - Award
Common Stock
2010-10-01+10,890→ 110,140 total
Footnotes (4)
- [F1]Shares of restricted stock awarded pursuant to the ModusLink Global Solutions FY2010 Performance-Based Restricted Stock Bonus Plan as a result of the achievement by ModusLink Global Solutions of the requisite financial performance in fiscal year 2010. Restrictions lapse with respect to 33 1/3% of the shares covered thereby on each of the first three anniversaries of the date of grant, provided the reporting person remains employed by ModusLink Global Solutions or a subsidiary of ModusLink Global Solutions on such anniversary date.
- [F2]Restrictions lapse with respect to 33 1/3% of the shares covered thereby on each of the first three anniversaries of the date of grant, provided the reporting person remains employed by ModusLink Global Solutions or a subsidiary of ModusLink Global Solutions on such anniversary date.
- [F3]Payment of tax liability by delivering securities incident to the vesting of shares of restricted stock on October 2, 2010 in accordance with Rule 16b-3 and a pre-existing 10b5-1 Sales Plan established by the reporting person on January 4, 2010.
- [F4]Option vests and becomes exercisable as to 25% on the first anniversary of the date of grant and the remainder in 36 equal monthly installments.