Adams Timothy C 4
4 · American Electric Technologies Inc · Filed Feb 29, 2012
Insider Transaction Report
Form 4
Adams Timothy C
Vice President & President
Transactions
- Exercise/Conversion
Common Stock
2012-02-27+1,200→ 9,387 total - Disposition to Issuer
Restricted Stock Units Dated February 25, 2011
2012-02-27−1,200→ 8,400 total→ Common Stock (1,200 underlying) - Other
Restricted Stock Units Dated February 25, 2011
2012-02-27−4,800→ 3,600 total→ Common Stock (4,800 underlying) - Exercise/Conversion
Common Stock
2012-02-27+600→ 9,987 total - Tax Payment
Common Stock
2012-02-27$4.62/sh−606$2,800→ 9,381 total - Award
Restricted Stock Units Dated February 27,2012
2012-02-27+9,600→ 9,600 total→ Common Stock (9,600 underlying) - Award
Restricted Stock Units Dated February 27, 2012
2012-02-27+2,400→ 2,400 total→ Common Stock (2,400 underlying) - Disposition to Issuer
Restricted Stock Units Dated February 25, 2011
2012-02-27−600→ 1,800 total→ Common Stock (600 underlying)
Footnotes (4)
- [F1]4800 restricted stock units granted in 2011 vested on the transaction date based on achievement of 2011 performance criteria and 4800 restricted stock units were cancelled under transaction Code J. 1200 of the vested restricted stock units converted to common stock on a one-for-one basis on the transaction date. One-third of the remaining restricted stock units convert to common stock on a one-to-one basis annually on February 27, 2013, 2014 and 2015, subject to a continuing employment requirement.
- [F2]Represents an incentive compensation award. Vesting of the award is subject to attainment of 2012 performance criteria. Vested restricted stock units convert into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.
- [F3]Represents an incentive compensation award. Converts into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.
- [F4]600 restricted stock units granted in 2011 converted to common stock on a one-for-one basis on the transaction date. The remaining restricted stock units convert to common stock on a one-to-one basis in equal installments on 2013, 2014 and 2015, subject to a continuing employment requirement.