ION MEDIA NETWORKS INC. 4
4 · ION MEDIA NETWORKS INC. · Filed Apr 29, 2008
Insider Transaction Report
Form 4
Burgess Brandon
DirectorCEO
Transactions
- Disposition to Issuer
Restricted Stock Unit
2008-04-04$0.19/sh−8,000,000$1,500,000→ 0 totalExp: 2009-11-07→ Class A Common Stock (8,000,000 underlying) - Award
Class A Common Stock
2008-04-04+45,000,000→ 45,000,000 total - Disposition to Issuer
Employee Stock Option (right to buy)
2008-04-04$0.19/sh−8,000,000$1,500,000→ 0 totalExercise: $0.42Exp: 2012-11-07→ Class A Common Stock (8,000,000 underlying)
Footnotes (5)
- [F1]33,750,000 shares are restricted as to transferability and are subject to performance and time-based vesting requirements.
- [F2]Pursuant to the terms of an amended and restated employment agreement entered into on April 4, 2008, the Issuer and the Reporting Person agreed to cancel the Reporting Person's existing equity awards.
- [F3]The cancelled options provided for vesting in four equal installments 18, 24, 36 and 48 months after November 7, 2005, subject to termination and acceleration of vesting under specified circumstances.
- [F4]Each cancelled restricted stock unit represented a contingent right to receive one share of Class A Common Stock.
- [F5]The cancelled restricted stock units provided for vesting in four equal installments 18, 24, 36 and 48 months after November 7, 2005, subject to termination and acceleration of vesting under specified circumstances.