URBAN OUTFITTERS INC 4
4 · URBAN OUTFITTERS INC · Filed Feb 23, 2012
Insider Transaction Report
Form 4
MARLOW TEDFORD G
President, Urban Brand
Transactions
- Award
Stock Appreciation Right
2012-02-21+300,000→ 300,000 totalExercise: $28.49From: 2013-02-21Exp: 2020-02-20→ Common Shares (300,000 underlying)
Footnotes (2)
- [F1]The Stock Appreciation Right ("SAR") entitles the reporting person, upon exercise, to the number of common shares with a fair market value on the exercise date equal to: (i) the excess a common share's fair market value on the date of exercise over its fair market value on the date of grant, times (ii) the number of SAR shares exercised; provided, however, that the number of common shares is limited to the number of SARs 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.
- [F2]The SAR vests 33.33% on February 21, 2013, 33.33% on February 21, 2014 and 33.34% on February 21, 2015.