Riera Vincent 4
4 · PLATO LEARNING INC · Filed Dec 21, 2009
Insider Transaction Report
Form 4
Riera Vincent
DirectorPresident & CEO
Transactions
- Award
Common Stock
2009-12-17+61,200→ 110,661.673 total - Tax Payment
Common Stock
2009-12-17$4.01/sh−20,012$80,248→ 90,649.673 total - Award
Stock Appreciation Rights
2009-12-18+49,000→ 49,000 totalExercise: $5.00Exp: 2017-12-18→ Common Stock (49,000 underlying)
Footnotes (3)
- [F1]Each performance right represented a contingent right to receive one share of TUTR common stock upon the achievement of certain goals and retention periods.
- [F2]The reporting person elected to satisfy his tax withholding obligation upon the vesting of performance rights by having TUTR withhold a number of vested shares having a value on the date of vesting equal to the minimum tax withholding obligation.
- [F3]The stock-settled stock appreciation rights vests in three equal annual installments -- the first on December 18, 2010, the second on December 18, 2011 and the third on December 18, 2012.