VERIFONE SYSTEMS, INC. 4
4 · VERIFONE SYSTEMS, INC. · Filed Sep 5, 2013
Insider Transaction Report
Form 4
MCGINN RICHARD A
Director
Transactions
- Award
Restricted Stock Unit
2013-09-03+12,665→ 12,665 totalExercise: $0.00Exp: 2020-09-03→ Common Stock (12,665 underlying)
Footnotes (2)
- [F1]These restricted stock units were granted pursuant to the terms and conditions of the Letter Agreement, dated March 14, 2013, by and among VeriFone Systems, Inc., VeriFone, Inc. and Richard A. McGinn, which was filed as an exhibit to the Issuer's Current Report on Form 8-K, filed March 15, 2013.
- [F2]These restricted stock units will vest on the earliest of: (i) the date a new CEO commences with the Issuer, provided that the Reporting Person is still employed as the Interim CEO of the Issuer as of such date, (ii) Reporting Person's death or disability (as defined in the Issuer's Amended and Restated 2006 Equity Incentive Plan), (ii) Issuer's termination of Reporting Person's employment other than for cause (as defined in the Issuer's Amended and Restated 2006 Equity Incentive Plan), (iii) Reporting Person's termination of employment due to Issuer's breach of the terms of the letter agreement between Issuer and Reporting Person related thereto, and (iv) March 7, 2015, provided that Reporting Person is still employed as the Interim CEO of the Issuer as of such date.