Seimandi Marco 4
4 · Fuel Systems Solutions, Inc. · Filed May 3, 2013
Insider Transaction Report
Form 4
Seimandi Marco
Marketing Director of BRC
Transactions
- Award
Phantom Stock Options
2013-05-01+3,750→ 3,750 totalExercise: $15.06Exp: 2023-05-01→ Common Stock (3,750 underlying)
Footnotes (2)
- [F1]Phantom Stock Option ("PSO") award granted under the Company's 2011 Phantom Stock Option Plan (the "Plan"). A PSO represents the right to receive a cash payment equal to the positive difference in value between the exercise price established on the date of grant in U.S. dollars and the fair market value of a share of Company common stock on the date of exercise in U.S. dollars, converted to local currency at the conversion rate prevailing on the date of exercise. PSOs may be settled only in cash.
- [F2]This PSO award is scheduled to vest in 20% increments on May 1, 2014, May 1, 2015, May 1, 2016, May 1, 2017 and May 1, 2018.