Mullane Karen M 4
4 · SUNGARD CAPITAL CORP · Filed Nov 19, 2012
Insider Transaction Report
Form 4
Mullane Karen M
Vice President & Controller
Transactions
- Award
Time-Based Restricted Stock Unit
2012-11-15+3,760→ 3,760 totalExercise: $0.00→ Unit (3,760 underlying) - Award
Performance-Based Restricted Stock Unit
2012-11-15+3,760→ 3,760 totalExercise: $0.00→ Unit (3,760 underlying)
Footnotes (3)
- [F1]Time-Based Restricted Stock Units ("RSU") vest over four years with 25% vesting on each of the first three anniversary dates of the date of grant and the final 25% vesting on June 1, 2016. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) a change of control, (ii) the Reporting Person's separation from service without cause, or (iii) June 1, 2016. If a change of control occurs before the RSUs are fully vested, any RSUs that subsequently vest are paid upon the first to occur of clauses (ii) and (iii) above.
- [F2]Each "Unit" consists of 1.3 shares of Class A-8 common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.05 shares of preferred stock of SunGard Capital Corp. II.
- [F3]Performance-Based RSUs vest upon the satisfaction of certain performance criteria for the period beginning January 1, 2013 and ending December 31, 2013, with 25% of the earned amount vesting on each of December 31, 2013, November 15, 2014 and November 15, 2015 and the final 25% vesting on June 1, 2016. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) a change of control, (ii) the Reporting Person's separation from service without cause, or (iii) June 1, 2016. If a change of control occurs before the RSUs are fully vested, any RSUs that subsequently vest are paid upon the first to occur of clauses (ii) and (iii) above.