RUBIOS RESTAURANTS INC 4
4 · RUBIOS RESTAURANTS INC · Filed Dec 22, 2006
Insider Transaction Report
Form 4
PITTARD DANIEL E
President and CEO
Transactions
- Award
Restricted Stock Units
2006-12-21+42,500→ 342,500 total→ Common Stock (42,500 underlying)
Footnotes (2)
- [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 up to 25%, 25% and 50% of the shares at the end of the twelve, twenty-four and thirty-six month periods ending on December 20, 2007, 2008 and 2009, respectively (the "Performance Periods"), if the Company achieves a CAGR in the Company's common stock of between 8% (6.25% of the shares for 2007 and 2008 and 12.5% of the shares for 2009) and 18% (25% of the shares for 2007 and 2008 and 50% of the shares for 2009) during the respective Performance Periods. 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.