LAY TERRY L 4
4 · SCHOOL SPECIALTY INC · Filed Jun 19, 2012
Insider Transaction Report
Form 4
LAY TERRY L
Director
Transactions
- Award
Non-qualified stock option (right to buy)
2012-06-15$2.87/sh+19,000$54,530→ 19,000 totalExercise: $2.87From: 2013-06-15Exp: 2022-06-15→ Common Stock (19,000 underlying) - Award
Common Stock
2012-06-15$2.87/sh+6,500$18,655→ 14,350 total
Footnotes (2)
- [F1]Represents a grant of non-vested stock units that vest one year from date of grant.
- [F2]Shares vest as follows: 20% on 1st anniversary of grant, 30% on 2nd anniversary of grant and 50% on 3rd anniversary of grant.