Adams Timothy C 4
4 · American Electric Technologies Inc · Filed Mar 3, 2011
Insider Transaction Report
Form 4
Adams Timothy C
Vice President & President
Transactions
- Exercise/Conversion
Common Stock
2011-02-28+600→ 8,187 total - Award
Restricted Stock Units Dated February 28, 2011
2011-02-28+2,400→ 2,400 total→ Common Stock (2,400 underlying) - Disposition to Issuer
Restricted Stock Units Dated February 26, 2010
2011-02-28−3,048→ 6,552 total→ Common Stock (3,048 underlying) - Disposition to Issuer
Restricted Stock Units Dated February 26, 2010
2011-02-28−600→ 1,800 total→ Common Stock (1,800 underlying) - Exercise/Conversion
Common Stock
2011-02-28+2,184→ 7,587 total - Award
Restricted Stock Units Dated February 28,2011
2011-02-28+9,600→ 9,600 total→ Common Stock (9,600 underlying)
Footnotes (4)
- [F1]8736 restricted stock units granted in 2010 vested on the transaction date based on achievement of 2010 performance criteria and 864 restricted stock units were cancelled. 2184 of the vested restricted stock units converted to common stock on a one-for-one basis on the transaction date. One-third of the remaining restricted stock units convert to common stock on a one-to-one basis annually on February 28, 2012, 2013 and 2014, subject to a continuing employment requirement.
- [F2]Represents an incentive compensation award. Vesting of the award is subject to attainment of 2011 performance criteria. Vested restricted stock units convert into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.
- [F3]Represents an incentive compensation award. Converts into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.
- [F4]600 restricted stock units granted in 2010 converted to common stock on a one-for-one basis on the transaction date. The remaining restricted stock units convert to common stock on a one-to-one basis in equal installments on 2012, 2013 and 2014, subject to a continuing employment requirement.