GOODMAN DEAN M 4
4 · PAXSON COMMUNICATIONS CORP · Filed Nov 9, 2005
Insider Transaction Report
Form 4
GOODMAN DEAN M
COO, President
Transactions
- Award
Restricted Stock Unit
2005-11-07+333,333→ 333,333 totalExercise: $0.01Exp: 2009-11-07→ Class A Common Stock (333,333 underlying) - Award
Restricted Stock Unit
2005-11-07+1,000,000→ 1,000,000 totalExercise: $0.01Exp: 2010-11-07→ Class A Common Stock (1,000,000 underlying) - Award
Employee Stock Option (right to buy)
2005-11-07+333,334→ 333,334 totalExercise: $0.42Exp: 2012-11-07→ Class A Common Stock (333,334 underlying) - Award
Employee Stock Option (right to buy)
2005-11-07+333,333→ 333,333 totalExercise: $1.25Exp: 2012-11-07→ Class A Common Stock (333,333 underlying)
Footnotes (5)
- [F1]Subject to the Reporting Person's continued employment,the seven-year options will vest in four equal installments 18, 24, 36 and 48 months after the grant date.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]Subject to the Reporting Person's continued employment, the restricted stock units will vest in four equal installments 18, 24, 36 and 48 months after the grant date, subject to termination and acceleration of vesting specified circumstances.
- [F4]Subject to earlier expiration upon termination of employment.
- [F5]Subject to the Reporting Person's continued employment, the restricted stock units will vest in five equal annual installments 12, 24 36, 48 and 60 months after the grant date and will be settled upon the fifth (5th) anniversary of the date of grant, or earlier upon certain termination of employment.