URBAN OUTFITTERS INC 4
4 · URBAN OUTFITTERS INC · Filed Aug 29, 2013
Insider Transaction Report
Form 4
MARLOW TEDFORD G
President, Urban Brand
Transactions
- Award
Performance Based Restricted Stock Unit
2013-08-27+60,000→ 60,000 total→ Common shares (60,000 underlying)
Footnotes (2)
- [F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one share of the issuer's common stock.
- [F2]The PSUs are eligible to vest on April 1, 2018, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's compounded annual growth rate for operating profit for the fiscal years 2015, 2016, 2017 and 2018, as well as on the average closing price of the issuer's common shares being less than the grant date price; provided, however, that the number of PSUs that vest is limited to the number of PSUs multiplied by three times the fair market value of the issuer's common shares on the grant date, divided by the fair market value of the issuer's common shares on the day before the applicable vesting date. This limitation caps the fair market value of the award at three times the fair market value of the award on the grant date.