4//SEC Filing
LAMY FRANCIS A 4
Accession 0001181431-11-016246
CIK 0000790818other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 8:31 PM ET
Size
9.3 KB
Accession
0001181431-11-016246
Insider Transaction Report
Form 4
X RITE INCXRIT
LAMY FRANCIS A
EVP- Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2011-03-03+60,317→ 71,024 total - Disposition to Issuer
Common Stock
2011-03-03−10,712→ 60,317 total - Exercise/Conversion
Restricted Stock Units (RSUs)
2011-03-03−60,317→ 170,683 total→ Common Stock (60,317 underlying)
Footnotes (4)
- [F1]As report on a Form 4 dated November 3, 2008, Mr. Lamy was awarded 231,000 performance-based restricted stock units on October 30, 2008. These performance-based restricted stock units were issued under the X-Rite, Incorporated 2008 Omnibus Long Term Incentive Plan. One third of the restricted stock units vests over a three year measurement period, one third vests over a four year measurement period and one third vests over a five year measurement period, in each case, provided that certain performance targets are met during the applicable measurement period and the recipient remains employed by the company through the applicable measurement period. On March 3, 2011, it was determined that the annual performance targets for 2010 were satisfied and 60,317 shares were issued in line with the Restricted Stock Unit Agreement between Mr. Lamy and the Company.
- [F2]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 2008, 2009 and 2010. It was determined on March 3, 2011 that the performance targets were not met and therefore the shares were forfeited.
- [F3]Each restricted stock unit represents a contingent right to receive one share of X-Rite's common stock.
- [F4]Not applicable.
Documents
Issuer
X RITE INC
CIK 0000790818
Entity typeother
Related Parties
1- filerCIK 0001367291
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 8:31 PM ET
- Size
- 9.3 KB