4//SEC Filing
ROBINS BRIAN 4
Accession 0001181431-11-035495
CIK 0001337272other
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 4:27 PM ET
Size
9.1 KB
Accession
0001181431-11-035495
Insider Transaction Report
Form 4
ROBINS BRIAN
SVP-Chief Marketing Officer
Transactions
- Award
Performance-Based Restricted Stock Unit
2011-06-03+6,690→ 6,690 totalExercise: $0.00→ Units (6,690 underlying) - Award
Time-Based Restricted Stock Unit
2011-06-03+6,690→ 6,690 totalExercise: $0.00→ Units (6,690 underlying)
Footnotes (3)
- [F1]Time-Based Restricted Stock Units ("RSU") vest over four years with 28% vesting on the first anniversary of the date of grant ("Time RSU Initial Vesting Date"), and the remaining 72% vesting in equal monthly installments over the 36 months following the Time RSU Initial Vesting Date. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) a change of control that meets the requirements of a "change in control event" under Section 409A of the Internal Revenue Code, (ii) the Reporting Person's separation from service to SunGard without cause, or (iii) the date that is four years after the date of grant. If a change of control occurs before the RSUs are fully vested, any RSUs that subsequently vest are paid upon the first to occur of clauses (ii) and (iii) above.
- [F2]Each "Unit" consists of 1.3 shares of Class A-8 common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.05 shares of preferred stock of SunGard Capital Corp. II.
- [F3]Performance-Based RSUs vest upon the satisfaction of certain performance criteria for the 18-month period beginning July 1, 2011, with 52% of the earned amount vesting at the end of the performance period ("Performance RSU Initial Vesting Date"), and the remaining 48% vesting in equal monthly installments over the 24 months following the Performance RSU Initial Vesting Date. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) a change of control that meets the requirements of a "change in control event" under Section 409A of the Internal Revenue Code, (ii) the Reporting Person's separation from service to SunGard without cause, or (iii) the date that is four years after the date of grant. If a change of control occurs before the RSUs are fully vested, any RSUs that subsequently vest are paid upon the first to occur of clauses (ii) and (iii) above.
Documents
Issuer
SUNGARD CAPITAL CORP
CIK 0001337272
Entity typeother
Related Parties
1- filerCIK 0001214678
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 4:27 PM ET
- Size
- 9.1 KB