HAIDER DONALD 4
4 · ASSET ACCEPTANCE CAPITAL CORP · Filed May 11, 2012
Insider Transaction Report
Form 4
HAIDER DONALD
Director
Transactions
- Award
Restricted Stock Units
2012-05-10+9,306→ 9,306 total→ Common Stock, $0.01 par value per share (9,306 underlying) - Award
Deferred Stock Units
2012-05-10+1,058→ 1,058 total→ Common Stock, $0.01 par value per share (1,058 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Asset Acceptance Capital Corp. common stock.
- [F2]The reporting person has received Restricted Stock Units ("RSUs") under the Company's 2012 Stock Incentive Plan. The reporting person received RSUs for services on the Company's Board of Directors. The RSUs will fully vest upon the earlier of (a) separation from service or (b) a change in control as defined in the Stock Plan.
- [F3]Each deferred stock unit converts to shares of common stock on a one-to-one basis.
- [F4]The reporting person has received Deferred Stock Units ("DSU") under the Company's 2012 Stock Incentive Plan. The reporting person has elected to receive DSUs in lieu of the annual retainer fees payable for services on the Company's Board of Directors. The DSUs are immediately vested and a settlement will occur in a single lump sum as soon as practicable after the earliest of the following events: (1) death of reporting person; (2) disability of reporting person; (3) change in control of Asset Acceptance Capital Corp.; (4) other separation of reporting person's service to Asset Acceptance Capital Corp.