Brown Suzanne C 4
4 · VALASSIS COMMUNICATIONS INC · Filed Dec 14, 2012
Insider Transaction Report
Form 4
Brown Suzanne C
EVP, Sales & Marketing
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-12-12+20,000→ 20,000 totalExercise: $27.17Exp: 2019-12-12→ Common Stock (20,000 underlying) - Award
Common Stock
2012-12-12+30,000→ 56,748 total
Footnotes (3)
- [F1]Awards granted pursuant to the Valassis Communication's Inc. 2008 Omnibus Incentive Compensation Plan. The shares are subject to performance-based conditions and will be forfeited if such conditions are not satisfied.
- [F2]Represents amount of shares beneficially owned as of December 12, 2012.
- [F3]This option becomes exercisable in increments of 33.3333%, 33.3333% and 33.3334% at such time that the closing sales price per common share is equal to or exceeds $27.17, $32.17 and $37.17, respectively; provided that such market price targets are achieved by December 12, 2015. In any event, however, the option vests by December 12, 2017.