McDevitt Wendy B. 4
4 · URBAN OUTFITTERS INC · Filed Aug 18, 2011
Insider Transaction Report
Form 4
McDevitt Wendy B.
Co-President, Anthropologie
Transactions
- Award
Performance Based Restricted Stock Unit
2011-08-16+65,000→ 65,000 total→ Common stock (65,000 underlying)
Footnotes (2)
- [F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
- [F2]The PSUs are eligible to vest on August 16, 2016, contingent on the continued employment of the reporting person through such date and the satisfaction of the requirement that the average closing price of the issuer's common shares be at least $35.00 during the six month period before the vesting date; provided, however, that the number of PSUs that vest is limited to the number of PSUs multiplied by five times the fair market value of the issuer's common shares on the grant date, divided by the fair market value of the issuer's common shares on the day before the applicable vesting date. This limitation caps the fair market value of the award at five times the fair market value of the award on the grant date.