Olivo Roberto 4
4 · Fuel Systems Solutions, Inc. · Filed May 23, 2012
Insider Transaction Report
Form 4
Olivo Roberto
Chief Operational Officer
Transactions
- Award
Phantom Stock Options
2012-05-23+10,000→ 10,000 totalExercise: $15.97Exp: 2021-12-15→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Phantom Stock Option ("PSO") award granted under the Company's 2011 Phantom Stock Option Plan (the "Plan"). A PSO represents the right to receive a cash payment equal to the positive difference in value between the exercise price established on the date of grant in U.S. dollars and the fair market value of a share of Company common stock on the date of exercise in U.S. dollars, converted to local currency at the conversion rate prevailing on the date of exercise. PSOs may be settled only in cash. This PSO award was granted on December 15, 2011 subject to the Plan becoming effective upon stockholder approval of the Company's 2011 Stock Option Plan. The 2011 Stock Option Plan was approved by stockholders on May 23, 2012.
- [F2]This PSO award is scheduled to vest in 20% increments on December 15, 2012, December 15, 2013, December 15, 2014, December 15, 2015 and December 15, 2016.