Kelley Randy 4
4 · Fresh Market, Inc. · Filed Mar 23, 2012
Insider Transaction Report
Form 4
Kelley Randy
SVP-Real Estate & Development
Transactions
- Award
Performance Shares
2012-03-21+2,981→ 2,981 total→ Common stock (2,981 underlying) - Award
Options to Purchase
2012-03-21+15,169→ 67,348 totalExercise: $47.17→ Common stock (15,169 underlying)
Footnotes (5)
- [F1]Each performance share represents the contingent right to receive one share of common stock of The Fresh Market, Inc. in the event that a performance goal is satisfied. This goal is based on the Company's cumulative earnings per share, on an excluded items basis, over a three year performance period ending January 25, 2015. The final number of shares of common stock earned can be between 0% and 100% of the maximum award. The performance shares include the right to have shares withheld to satisfy tax withholding obligations upon vesting.
- [F2]Represents maximum award. See footnote (1).
- [F3]Includes the right to have shares withheld to satisfy tax withholding obligations upon exercise.
- [F4]The options will vest in 25% increments on the first, second, third, and fourth anniversaries of the grant date.
- [F5]The options expire upon the earlier of (a) the tenth anniversary of the date of the grant and (b) three months after the holder of the option terminates employment with The Fresh Market, subject to provisions for termination for cause, retirement, death, and disability.