Devens Gordon E 4
4 · XPO Logistics, Inc. · Filed Feb 20, 2013
Insider Transaction Report
Form 4
Devens Gordon E
SR. VP, GENERAL COUNSEL
Transactions
- Award
Restricted Stock Units
2013-02-15+57,143→ 57,143 total→ Common Stock, par value $.001 per share (57,143 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
- [F2]The Restricted Stock Units initially shall be unvested and, subject to the Issuer's Common Stock trading at or above $32.50 per share for 20 consecutive trading days within the five years following the grant date, shall vest in installments of 60% on September 2, 2016, and 20% each on February 15, 2017 and February 15, 2018, subject to the Reporting Person's continued employment with the Issuer on such dates.