Langusch Todd 4
4 · ASSET ACCEPTANCE CAPITAL CORP · Filed Mar 11, 2013
Insider Transaction Report
Form 4
Langusch Todd
Chief Information Officer
Transactions
- Award
Common Stock, $0.01 par value
2013-03-07+889→ 12,536 total - Tax Payment
Common Stock, $0.01 par value
2013-03-07$6.56/sh−245$1,607→ 12,291 total
Footnotes (3)
- [F1]Number of common stock represents the portion of March 7, 2012 performance-based restricted stock units ("PBRSUs") that vested on March 7, 2013. A total of 2,667 PBRSUs were granted on March 7, 2012 and represent a contingent right to receive one share of Asset Acceptance Capital Corp. common stock. The PBRSUs vest in installments based on satisfaction of certain performance criteria. The performance criteria for 2012 were met, resulting in vesting of the portion of the PBRSUs. The remaining PBRSUs are scheduled to vest based on certain performance criteria in 2014 and 2015.
- [F2]Shares withheld for tax obligations in connection with the portion of PBRSUs that vested on March 7, 2013.
- [F3]Fair market value per share on vesting date.