Payne Richard A 4
4 · ZBB ENERGY CORP · Filed Nov 9, 2012
Insider Transaction Report
Form 4
Payne Richard A
Director
Transactions
- Award
Restricted Stock Units
2012-11-07+189,474→ 189,474 totalExercise: $0.00→ Common Stock (189,474 underlying)
Holdings
- 81,327
Common Stock
- 93,661(indirect: See Footnote)
Common Stock
Footnotes (4)
- [F1]Includes (i) 75,043 shares held by an affiliate of Mr. Payne, Geizo Pty. Ltd, as trustee for RA Payne Family Trust, (ii) 17,206 shares held by Geizo Pty. Ltd as trustee for the RA Payne Super Fund and (iii) 1,412 shares held by the Emery Family Trust.
- [F2]Each restricted stock unit represents a contingent right to receive one share of ZBB Energy Corporation common stock. Restricted stock units that become earned and vested are payable at the earlier of (i) six months following separation from service and (ii) the date of a change in control.
- [F3]Represents restricted stock unit award granted pursuant to the company's director compensation policy.
- [F4]The restricted stock units vest as follows: 25% vest on the date of grant and the remaining units vest in three equal installments on each of March 31, 2013, June 30, 2013 and September 30, 2013, respectively.