4//SEC Filing
Barnes Gerald P 4
Accession 0001181431-10-054915
CIK 0001104252other
Filed
Nov 9, 7:00 PM ET
Accepted
Nov 10, 7:32 PM ET
Size
20.5 KB
Accession
0001181431-10-054915
Insider Transaction Report
Form 4
DDI CORPDDIC
Barnes Gerald P
SVP - Sales
Transactions
- Exercise/Conversion
Common Stock
2010-10-28+20,302→ 51,707 total - Exercise/Conversion
Common Stock
2010-11-08$6.73/sh+40,000$269,200→ 84,260 total - Award
Restricted Share Units
2010-09-30+292→ 40,604 total→ Common Stock (292 underlying) - Tax Payment
Common Stock
2010-10-28$9.06/sh−7,447$67,470→ 44,260 total - Sale
Common Stock
2010-11-08$11.10/sh−10,000$111,000→ 34,260 total - Award
Restricted Share Units
2010-07-06+312→ 40,312 total→ Common Stock (312 underlying) - Exercise/Conversion
Stock Options
2010-11-08−40,000→ 60,000 totalExercise: $6.73Exp: 2017-02-26→ Common Stock (40,000 underlying) - Sale
Common Stock
2010-11-08$11.10/sh−40,000$444,000→ 44,260 total - Exercise/Conversion
Restricted Share Units
2010-10-28−20,302→ 20,302 total→ Common Stock (20,302 underlying)
Footnotes (5)
- [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 Share Units ("RSUs") on October 28, 2008 pursuant to the DDi Corp. 2005 Stock Incentive Plan, as amended )the "Plan"). The RSUs vest in three equal annual installments beginning on October 28, 2009. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of DDi Corp. common stock. On October 28, 2010, the secondone-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 Dorp. 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]One-third of the options will vest on the first, second, and third anniversaries of the grant date.
- [F5]This transaction is a part of a Same Day Sale Transaction. The optionholder exercised his options and sold the shares on the same day.
Documents
Issuer
DDI CORP
CIK 0001104252
Entity typeother
Related Parties
1- filerCIK 0001387790
Filing Metadata
- Form type
- 4
- Filed
- Nov 9, 7:00 PM ET
- Accepted
- Nov 10, 7:32 PM ET
- Size
- 20.5 KB