RUBIOS RESTAURANTS INC 4
4 · RUBIOS RESTAURANTS INC · Filed Dec 22, 2006
Insider Transaction Report
Form 4
Arena Carl
Vice President, Development
Transactions
- Award
Restricted Stock Unit
2006-12-21+4,000→ 79,000 total→ Common Stock (4,000 underlying) - Award
Stock Option (Right to Buy)
2006-12-21+12,000→ 93,666 totalExercise: $9.60From: 2007-12-21Exp: 2016-12-21→ Common Stock (12,000 underlying) - Award
Restricted Stock Unit
2006-12-21+2,666→ 81,666 total→ Common Stock (2,666 underlying)
Footnotes (3)
- [F1]This award of restricted stock units ("RSU's") is made pursuant to the Company's 2006 Executive Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock.
- [F2]This award vests with respect to all or a portion of the shares on December 20, 2009 if the Company achieves a compounded annual growth rate ("CAGR") in the Company's common stock of between 8% (25% of the shares) and 18% (100% of the shares) during the period. The vesting of the RSU's may accelerate upon an acquisition of securities possessing more than 50% of the total combined voting power of the Company's outstanding securities or a Corporate Transaction, as defined in the Company's 1999 Stock Incentive Plan. In the event of the employee's death or disability, the RSU's shall vest based upon the CAGR achieved by the Company through the date of such event.
- [F3]This award vests with respect to all or a portion of up to 50% of the shares represented thereby at the end of the twelve and twenty-four month periods ending on December 20, 2007 and 2008, respectively (the "Performance Period"), if the Company achieves a CAGR in the Company's common stock of between 8% (12.5% of the total shares) and 18% (50% of the total shares) during the respective Performance Period. The vesting of the RSU's may accelerate upon the acquisition of securities possessing more than 50% of the total combined voting power of the Company's outstanding securities or a Corporate Transaction, as defined in the Company's 1999 Stock Incentive Plan. In the event of the employee's death or disability, the RSU's shall vest based upon the CAGR achieved by the Company through the date of such event.