4//SEC Filing
Mathews Michael Robert 4
Accession 0001181431-11-054220
CIK 0001104252other
Filed
Oct 31, 8:00 PM ET
Accepted
Nov 1, 8:14 PM ET
Size
17.6 KB
Accession
0001181431-11-054220
Insider Transaction Report
Form 4
DDI CORPDDIC
Mathews Michael Robert
SVP Manufacturing Operations
Transactions
- Award
Restricted Share Units
2010-11-30+194→ 20,496 total→ Common Stock (194 underlying) - Award
Restricted Share Units
2011-03-30+196→ 20,692 total→ Common Stock (196 underlying) - Award
Restricted Share Units
2011-09-30+289→ 21,198 total→ Common Stock (289 underlying) - Exercise/Conversion
Common Stock
2011-10-28+21,198→ 42,497 total - Tax Payment
Common Stock
2011-10-28$9.19/sh−7,776$71,461→ 34,721 total - Award
Restricted Share Units
2011-06-30+217→ 20,909 total→ Common Stock (217 underlying) - Exercise/Conversion
Restricted Share Units
2011-10-28−21,198→ 0 total→ Common Stock (21,198 underlying)
Footnotes (3)
- [F1]As reported on a Form 4 dated October 28, 2008 and filed on October 30, 2008, the reporting person received a grant of 60,000 Restricted Stock Units ("RSUs") on October 28, 2008 pursuant to the DDi Corp. 2005 Stock Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning on October 28, 2009. On each vesting date, for each Unit vesting on such date, the reporting person will receive one share of DDi Corp. common stock. On October 28, 2011, the final one-third of these RSUs vested, resulting in the issuance of 21,198 shares of DDi Corp. common stock.
- [F2]In accordance with the terms of the DDi Corp. 2005 Stock Incentive Plan, 7,776 shares of DDi Corp. common stock were withheld at vesting to cover required tax withholding.
- [F3]The number of derivative securities beneficially owned reflects additional RSUs issued in conjunction with cash dividends paid on the applicable transaction date. RSUs awarded under the Plan are entitled to receive dividend equivalents with respect to the payment of cash dividends on Common Stock. Dividend equivalents are paid by crediting the recipient with additional whole RSUs as of the cash dividend payment date. The number of additional RSUs is determined based on the amount of cash dividends paid with respect to the number of shares of Common Stock represented by the RSUs divided by the Company's closing stock price on the cash dividend payment date. Additional RSUs issued in conjunction with dividends are subject to the same terms and conditions and settled in the same manner and at the same time as the RSUs originally subject to the award.
Documents
Issuer
DDI CORP
CIK 0001104252
Entity typeother
Related Parties
1- filerCIK 0001378027
Filing Metadata
- Form type
- 4
- Filed
- Oct 31, 8:00 PM ET
- Accepted
- Nov 1, 8:14 PM ET
- Size
- 17.6 KB