HEFFRON BRENT F 4
4 · STEWART ENTERPRISES INC · Filed Jan 7, 2009
Insider Transaction Report
Form 4
HEFFRON BRENT F
SVP & Pres - Eastern Div.
Transactions
- Award
Option (Right to Buy)
2009-01-05+50,000→ 50,000 totalExercise: $3.09Exp: 2016-01-05→ Class A Common Stock (50,000 underlying) - Award
Class A Common Stock
2009-01-05+25,000→ 137,223 total
Footnotes (3)
- [F1]These shares are market-based restricted stock of which one-third shall vest on October 31, 2009 if the closing price of the Company's Class A common stock equals or exceeds $6 per share for 20 consecutive trading days during Fiscal Year 2009; to the extent not already vested in Fiscal Year 2009, two-thirds of these shares shall vest on October 31, 2010 if the closing price of the Company's Class A common stock equals or exceeds $7 per share for 20 consecutive days during Fiscal Year 2010; to the extent not already vested during Fiscal Years 2009 and 2010, all 25,000 shares shall vest on October 31, 2011 if the closing price of the Company's Class A common stock equals or exceeds $8 per share for 20 consecutive trading days during Fiscal Year 2011.
- [F2]Includes 56,582 shares of restricted stock.
- [F3]These stock options are time-vest stock options of which 25% shall vest each year on January 5, 2010, January 5, 2011, January 5, 2012, and January 5, 2013.