4//SEC Filing
Mathews Michael Robert 4
Accession 0001181431-10-054914
CIK 0001104252other
Filed
Nov 9, 7:00 PM ET
Accepted
Nov 10, 7:31 PM ET
Size
15.7 KB
Accession
0001181431-10-054914
Insider Transaction Report
Form 4
DDI CORPDDIC
Mathews Michael Robert
SVP Manufacturing Operations
Transactions
- Exercise/Conversion
Common Stock
2010-10-28+20,302→ 50,707 total - Sale
Common Stock
2010-11-08$11.10/sh−19,516$216,628→ 23,744 total - Award
Restricted Share Units
2010-09-30+292→ 40,604 total→ Common Stock (292 underlying) - Award
Restricted Share Units
2010-07-06+312→ 40,312 total→ Common Stock (312 underlying) - Exercise/Conversion
Restricted Share Units
2010-10-28−20,302→ 20,302 total→ Common Stock (20,302 underlying) - Tax Payment
Common Stock
2010-10-28$9.06/sh−7,447$67,470→ 43,260 total
Footnotes (4)
- [F1]As reported on a Form 4 dated October 28, 2008 and filed on October 30, 2008, the reporting person received a grant of 60,000 Restricted Stock Units ("RSUs") on October 28, 2008 pursuant to the DDi Corp. 2005 Stock Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning on October 28, 2009. On each vesting date, for each Unit vesting on such date, the reporting person will receive one share of DDi Corp. common stock. On October 28, 2010, the second one-third of these RSUs vested, resulting in the issuance of 20,302 shares of DDi Corp. common stock.
- [F2]In accordance with the terms of the DDi Corp. 2005 Stock Incentive Plan, 7,447 shares of DDi Corp. common stock were withheld at vesting to cover required tax withholding.
- [F3]The number of derivative securities beneficially owned reflects additional RSUs issued in conjunction with cash dividends paid on the applicable transaction date. RSUs awarded under the Plan are entitled to receive dividend equivalents with respect to the payment of cash dividends on Common Stock. Dividend equivalents are paid by crediting the recipient with additional whole RSUs as of the cash dividend payment date. The number of additional RSUs is determined based on the amount of cash dividends paid with respect to the number of shares of Common Stock represented by the RSUs divided by the Company's closing stock price on the cash dividend payment date. Additional RSUs issued in conjunction with dividends are subject to the same terms and conditions and settled in the same manner and at the same time as the RSUs originally subject to the award.
- [F4]The price in Column 4 is a weighted average price. The prices actually received ranged from $11.05 to $11.22. The reporting person will provide to the issuer, any securityholder of the issuer, or the SEC Staff, upon request, information regarding the number of shares sold at each price within the range.
Documents
Issuer
DDI CORP
CIK 0001104252
Entity typeother
Related Parties
1- filerCIK 0001378027
Filing Metadata
- Form type
- 4
- Filed
- Nov 9, 7:00 PM ET
- Accepted
- Nov 10, 7:31 PM ET
- Size
- 15.7 KB