HUSSELBEE BRIAN J 4
4 · VALASSIS COMMUNICATIONS INC · Filed Dec 7, 2011
Insider Transaction Report
Form 4
HUSSELBEE BRIAN J
CEO - NCH Marketing Svcs, Inc.
Transactions
- Award
Common Stock
2011-12-05+10,000→ 35,833 total - Award
Employee Stock Option (Right to Buy)
2011-12-05+20,000→ 20,000 totalExercise: $21.90Exp: 2018-12-05→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]Awards granted pursuant to the Valassis Communications's, Inc. 2008 Omnibus Incentive Compensation Plan. The shares are subject to performance-based conditions and will be forfeited if such conditions are not satisfied.
- [F2]Represents amount of shares beneficially owned as of December 7, 2011.
- [F3]This option becomes exercisable in increments of 33.3333%, 33.3333% and 33.3334% at such time that the closing sales price per common share is equal to or exceeds $26.90, $31.90 and $36.90, respectively; provided that such market price targets are achieved by December 5, 2014. In any event, however, the option vests by December 5, 2016.