4//SEC Filing
LANG RONALD M 4
Accession 0001181431-10-063500
CIK 0001337274other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 2:28 PM ET
Size
9.2 KB
Accession
0001181431-10-063500
Insider Transaction Report
Form 4
LANG RONALD M
Group CEO
Transactions
- Award
Time-Based Restricted Stock Unit
2010-12-22+7,688→ 7,688 totalExercise: $0.00→ Units (7,688 underlying) - Award
Performance-Based Restricted Stock Unit
2010-12-22+13,838→ 13,838 totalExercise: $0.00→ Units (13,838 underlying)
Footnotes (3)
- [F1]Time-Based Restricted Stock Units ("RSU") vest over 5 years with 10% vesting on the first anniversary of the date of grant ("Initial Vesting Date"), and the remaining 90% vesting in equal monthly installments over the 48 months following the Initial Vesting Date. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) a change of control that meets the requirements of a "change in control event" under Section 409A of the Internal Revenue Code, (ii) the Reporting Person's separation from service to SunGard without cause, or (iii) the date that is five years after the date of grant. If a change of control occurs before the RSUs are fully vested, any RSUs that subsequently vest are paid upon the first to occur of clauses (ii) and (iii) above.
- [F2]Each "Unit" consists of 1.3 shares of Class A-8 common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.05 shares of preferred stock of SunGard Capital Corp. II.
- [F3]The Performance-Based RSU vests over a five-year period based on the satisfaction of certain performance criteria for the years ending December 31, 2010 through December 31, 2014. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) a change of control that meets the requirements of a "change in control event" under Section 409A of the Internal Revenue Code, (ii) the Reporting Person's separation from service to SunGard without cause, or (iii) the date that is five years after the date of grant. If a change of control occurs before the RSUs are fully vested, any RSUs that subsequently vest are paid upon the first to occur of clauses (ii) and (iii) above.
Documents
Issuer
SUNGARD CAPITAL CORP II
CIK 0001337274
Entity typeother
Related Parties
1- filerCIK 0001276426
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 2:28 PM ET
- Size
- 9.2 KB