Curtin Joseph 4
4 · TMS International Corp. · Filed Apr 15, 2011
Insider Transaction Report
Form 4
Curtin Joseph
DirectorChief Executive Officer
Transactions
- Award
Employee Stock Option (right to buy)
2011-04-13+50,000→ 50,000 totalExercise: $13.00Exp: 2021-04-12→ Class A Common Stock (50,000 underlying)
Footnotes (1)
- [F1]Options become vested as follows: 10% on the first anniversary of the grant date, an additional 20% on the second anniversary of the grant date, an additional 30% on the third anniversary of the grant date and the remaining 40% on the fourth anniversary of the grant date. Additionally, 50% of the vested shares subject to the options shall only be exercisable if, as of the trading date immediately preceding the applicable exercise date, the closing price of a share is at least 115% of the exercise price. All of the unvested shares subject to the options shall become vested upon a change of control of the Issuer.