ISAAK RICHARD R 4
4 · FURNITURE BRANDS INTERNATIONAL INC · Filed Dec 23, 2008
Insider Transaction Report
Form 4
ISAAK RICHARD R
Controller, CAO
Transactions
- Award
Restricted Stock Unit
2008-12-19+39,940→ 39,940 totalExp: 2013-12-19→ Common Stock (39,940 underlying)
Footnotes (2)
- [F1]The restricted stock units are payable only in cash. 50% of the restricted stock units represent the right to receive $6.26 per unit (the "First Tranche") and 50% of the restricted stock units represent the right to receive $9.39 per unit (the "Second Tranche").
- [F2]The First Tranche vests upon the Company's common stock achieving a market price of $6.26 for a ten day trailing average, and the Second Tranche vests upon the Company's common stock achieving a market price of $9.39 for a ten day trailing average. If these objectives are met, payout of the First Tranche and Second Tranche will not occur until the second and third anniversaries of the grant date, respectively.