Chisholm Christopher 4
4 · Heckmann CORP · Filed Nov 16, 2011
Insider Transaction Report
Form 4
Chisholm Christopher
Executive VP & CFO
Transactions
- Award
Common Stock
2011-11-15+150,000→ 150,000 total - Award
Employee Stock Option (right to buy)
2011-11-15−150,000→ 150,000 totalExercise: $6.43From: 2012-11-15Exp: 2021-11-15→ Common (150,000 underlying)
Footnotes (4)
- [F1]Represents the receipt of Common Stock upon the vesting of Restricted Stock Units (RSUs) granted on November 15, 2011 under the Issuer's 2009 Equity Incentive Plan pursuant to the terms and conditions of the Reporting Person's Employment Agreement. Each RSU represents the contingent right, upon vesting, to receive one share of the Issuer's Common Stock. The RSUs are scheduled to vest 100% on the third anniversary of the grant date.
- [F2]1/3 vests on the first anniversary of the Transaction Date and 1/36 vests on completion of each additional month of service thereafter, until fully vested.
- [F3]Stock options granted under the Issuer's 2009 Equity Incentive Plan generally have an option expiration date of ten (10) years, but may expire earlier if the grantee is terminated or there is a change of control as those terms are defined in the Plan.
- [F4]The reported employee stock options were granted on November 15, 2011 pursuant to the terms and conditions of the Reporting Person's Employment Agreement.