ROSSETTI RONALD L 4
4 · TIER TECHNOLOGIES INC · Filed Dec 23, 2008
Insider Transaction Report
Form 4
ROSSETTI RONALD L
DirectorCEO
Transactions
- Award
Restricted Stock Units
2008-04-30+185,000→ 365,000 totalExercise: $0.00Exp: 2011-05-01→ Common Stock (185,000 underlying) - Award
Restricted Stock Units
2008-04-30+180,000→ 180,000 totalExercise: $0.00Exp: 2011-05-01→ Common Stock (180,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of Tier common stock. The Restricted Stock Unit is earned upon Tier's common stock achieving a market price of $11 per share and maintaining that price for 60 consecutive days and have a three year cliff vesting.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of Tier common stock. The Restricted Stock Unit is earned upon Tier's common stock achieving a market price of $13 per share and maintaining that price for 60 consecutive days and have a three year cliff vesting.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of Tier's common stock. The Restricted Stock Unit is earned upon Tier's common stock achieving a market price of $15 per share and maintaining that price for 60 consecutive days and have a three year cliff vesting.