CITTADINI PETER I 4
4 · ACTUATE CORP · Filed Feb 1, 2013
Insider Transaction Report
Form 4
ACTUATE CORPACTU
CITTADINI PETER I
President and CEO
Transactions
- Award
Common Stock
2013-01-30+170,000→ 2,420,144 total
Footnotes (3)
- [F1]Represents shares of the Issuer's common stock underlying restricted stock units ("RSUs") awarded to the Reporting Person. The RSUs will vest in a series of four successive equal annual installments, with the first installment to vest on March 2, 2014 and the remaining installments to vest on the second, third and fourth anniversaries of the January 30, 2013 award date, provided the Reporting Person remains in the Issuer's service through each such date, subject to accelerated vesting upon the Reporting Person's termination of employment under certain prescribed circumstances within 12 months following certain changes in ownership or control of the Issuer or during the period commencing with the Issuer's execution of a definitive agreement to effect a change in control and ending on the earlier to occur of (i) the closing of the change in control transaction or (ii) the termination of such definitive agreement.
- [F2]Unless the Reporting Person elects to defer the issuance of the shares until the Reporting Person's separation from service from the Issuer, the shares of the Issuer's common stock will be issued as the RSUs vest.
- [F3]Includes 405,000 of the Issuer's common stock underlying RSUs awarded.