LAMY FRANCIS A 5
5 · X RITE INC · Filed Feb 15, 2011
Insider Transaction Report
Form 5
X RITE INCXRIT
LAMY FRANCIS A
EVP- Chief Technology Officer
Transactions
- Disposition to Issuer
Common Stock
2010-03-07−13,082→ 10,707 total
Footnotes (1)
- [F1]As previously reported on a Form 4 filing dated 3/12/2007, these performance-based restricted shares were issued under the X-Rite, Incorporated 2006 Omnibus Long Term Incentive Plan. The vesting schedule for these performance shares was based on the achievement of certain annual performance targets over a period of 3 years for the Company's fiscal years ending 2007, 2008 and 2009. It was determined on March 7, 2010 that the performance targets were not met and therefore the shares were forfeited. Although a subsequent filing did properly report the amount of securities beneficially owned following the forfeiture, the Company did not specifically report the forfeiture as a line item prior to this Form 5.