Elsenbast David 4
4 · Renewable Energy Group, Inc. · Filed May 21, 2013
Insider Transaction Report
Form 4
Elsenbast David
VP, Supply Chain Management
Transactions
- Award
Common Stock
2013-05-17+2,017→ 62,899 total - Award
Stock Appreciation Right
2013-05-17+20,237→ 20,237 totalExercise: $13.25→ Common Stock (20,237 underlying)
Footnotes (2)
- [F1]Represents award of restricted stock units ("RSUs") that will vest in full on December 31, 2016, subject to continued service as an employee with Renewable Energy Group, Inc. (the "Company") and positive, four-year cumulative GAAP cash flow from operations. RSUs may be settled only for shares of common stock on a one-for-one basis.
- [F2]The Stock Appreciation Rights ("SARs") will vest with respect to 25% of the shares of Common Stock subject hereto on each of the four annivaries following May 17, 2013, subject to continued service as an employee with the Company. The SARs shall cease to be exercisable (and if not previously exercised, shall terminate without the payment of any consideration therefore) on the earliest of (i) May 17, 2023, (ii) one year following the termination of employment with the Company by reason of death or disability, (iii) 90 days following any other termination of employment with the Company other than for cause, and (iv) immediately prior to the termination of employment with the Company for cause.