Glover Dean J 4
4 · GLOBAL POWER EQUIPMENT GROUP INC. · Filed Apr 4, 2011
Insider Transaction Report
Form 4
Glover Dean J
SVP & President of Products
Transactions
- Award
Common Stock, $0.01 par value per share
2011-03-31+16,622→ 126,434 total
Footnotes (1)
- [F1]Reflects the award of common stock pursuant to awards of performance-based restricted stock units, each of which represents the right to receive one share of common stock of Global Power Equipment Group Inc. (the "Company"), granted on each of June 23, 2008, February 9, 2009 and March 23, 2010 pursuant to the Company's 2008 Management Incentive Plan. Pursuant to the terms of the awards, 16,620, 12,266 and 4,166 of the restricted stock units will vest on March 31, 2012, 2013, and 2014, respectively, subject to the Company's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2011, 2012 and 2013, and further subject to continued employment through the vesting date. The performance criteria for 2010 were met, resulting in the vesting of 16,622 restricted stock units. Any units that do not vest will be forfeited. (All numbers are as adjusted for the 1-for-9 reverse stock split effected June 30, 2010.)