Adams Timothy C 4
4 · American Electric Technologies Inc · Filed Feb 28, 2013
Insider Transaction Report
Form 4
Adams Timothy C
Vice President & President
Transactions
- Exercise/Conversion
Restricted Stock Units Dated February 27, 2012
2013-02-25−768→ 2,304 total→ Common Stock (768 underlying) - Exercise/Conversion
Restricted Stock Units Dated February 27, 2009
2013-02-25−1,218→ 0 total→ Common Stock (1,218 underlying) - Exercise/Conversion
Restricted Stock Units Dated February 25,2011
2013-02-25−1,800→ 3,600 total→ Common Stock (1,800 underlying) - Exercise/Conversion
Restricted Stock Units Dated February 26, 2010
2013-02-25−2,784→ 2,784 total→ Common Stock (2,784 underlying) - Award
Common Stock
2013-02-25$4.95/sh+6,570$32,522→ 15,951 total - Tax Payment
Common Stock
2013-02-25$4.95/sh−2,146$10,623→ 13,805 total - Award
Restricted Stock Units Dated February 25, 2013
2013-02-25+9,600→ 9,600 total→ Common Stock (9,600 underlying) - Award
Restricted Stock Units Dated February 25, 2013
2013-02-25+2,400→ 2,400 total→ Common Stock (2,400 underlying)
Footnotes (7)
- [F1]Represents an incentive compensation award. Vesting of the award is subject to attainment of 2013 performance criteria. Vested restricted stock units convert into common stock on a one-to-one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.
- [F2]Represents an incentive compensation award. Converts into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.
- [F3]Represents common stock issued on conversion of Restricted Stock Units (RSUs).
- [F4]768 RSU's converted to common stock, 11,232 RSU's were terminated and 2,304 will convert to common stock on a one-to-one basis in annual installments of 768 shares in 2014,2015, and 2016 subject to continuing employment requirement.
- [F5]1,218 RSUs converted to common stock on a one-to-one basis.
- [F6]1,800 RSU's converted to common stock and 3,600 will convert to common stock on a one-to-one basis in annual installments of 1,800 shares in 2014 and 2015 subject to continuing employment requirement.
- [F7]2,784 RSU's converted to common stock and 2,784 will convert to common stock on a one-to-one basis in annual installment of 2,784 shares in 2014 subject to continuing employment requirement.