4//SEC Filing
POSSIS MEDICAL INC 4
Accession 0001195917-08-000001
CIK 0000079677operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:42 PM ET
Size
12.6 KB
Accession
0001195917-08-000001
Insider Transaction Report
Form 4
MATTISON WILLIAM C JR
Director
Transactions
- Award
Common Stock
2008-01-02+528→ 47,118 total - Award
Stock Option - right to buy
2008-01-02$14.21/sh+4,000$56,840→ 4,000 totalExercise: $14.21From: 2009-01-02Exp: 2013-01-02→ Common stock (4,000 underlying) - Award
Stock option - right to buy
2008-01-02$7.11/sh+3,906$27,752→ 3,906 totalExercise: $7.11From: 2008-07-02Exp: 2013-01-02→ Common stock (3,906 underlying)
Footnotes (4)
- [F1]Restricted stock granted pursuant to the Issuer's Board of Director Compensation Program that vests in full one year following the date of grant.
- [F2]Reporting person also owns 88,000 shares indirectly through an individual retirement account and a family trust.
- [F3]Of the total number of shares granted, 50% vest and become exercisable on 7/2/2008 and the remaining 50% vest and become xercisable on 1/2/2009
- [F4]This option grant provides for accelerated vesting in the event that specified price targets are met and maintained for five consecutive business days. The accelerated vesting schedule provides that 33% of the total grant shall vest and become exercisable in the event that the stock price appreciates 20% to $17.05; an additional 33% vests and becomes exerisable in the event that the stock price appreciates 40% to $19.81; and the final 33% vests and becomes exercisable in the event that the stock price appreciates 60% to $22.74
Documents
Issuer
POSSIS MEDICAL INC
CIK 0000079677
Entity typeoperating
IncorporatedMN
Related Parties
1- filerCIK 0000079677
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:42 PM ET
- Size
- 12.6 KB