Hawaiian Telcom Holdco, Inc. 4
4 · Hawaiian Telcom Holdco, Inc. · Filed Nov 3, 2014
Insider Transaction Report
Form 4
Barber Scott K
Chief Operating Officer
Transactions
- Award
Common Stock
2014-03-10+10,478→ 32,396 total
Footnotes (1)
- [F1]Represents target number of shares of common stock issuable upon settlement of restricted stock units. 50% of the restricted stock units vest in four equal annual installments beginning March 12, 2015 and ending March 12, 2018. The remaining 50% of the restricted stock units vest in three equal annual installments beginning on the date in fiscal 2016 when the compensation committee determines if certain performance criteria for fiscal years 2014 and 2015 are satisfied (which date shall be not later than the earlier of (i) 30 days following the completion of the annual audited financials for fiscal 2015 and (ii) April 30,2016) and ending two years thereafter. The actual number of shares earned could range from 50% to 128.13% (assuming all time-based RSUs vest) of target depending on the extent to which the performance criteria are met or exceeded.