McDevitt Wendy B. 4
4 · URBAN OUTFITTERS INC · Filed Apr 17, 2012
Insider Transaction Report
Form 4
McDevitt Wendy B.
Co-President, Anthropologie
Transactions
- Award
Performance Based Restricted Stock Unit
2012-04-13+15,000→ 15,000 total→ Common stock (15,000 underlying)
Footnotes (2)
- [F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
- [F2]The PSUs are eligible to vest on April 1, 2015, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for operating profit for the fiscal years 2014 and 2015, as well as on the average closing price of the issuer's common shares being less than the grant date price; provided, however, that the number of PSUs that vest is limited to the number of PSUs 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.