TESTMAN THOMAS R 4
4 · ENDOCARE INC · Filed Jan 12, 2009
Insider Transaction Report
Form 4
ENDOCARE INCENDO
TESTMAN THOMAS R
Director
Transactions
- Exercise/Conversion
Common Stock
2009-01-10+2,060→ 2,060 total - Award
Deferred stock units
2009-01-08+21,333→ 21,333 total→ Common Stock (21,333 underlying)
Holdings
- 5,000(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]This item reflects the vesting on January 10, 2009 of restricted stock units (RSUs) granted on January 10, 2008. The issuance of the underlying shares is deferred until Mr. Testman's separation from service, subject to acceleration in the case of a Change in Control or Corporate Transaction, as such terms are defined in the Company's 2004 Stock Incentive Plan.
- [F2]Not applicable.
- [F3]By the Testman Trust, Thomas R. Testman and Jacqueline F. Testman, Trustees.
- [F4]Granted under the Company's Non-Employee Director Deferred Stock Unit Program. The deferred stock units (DSUs) covered by this Form 4 represent director fees earned during the quarter ended December 31, 2008, which Mr. Testman elected to receive in the form of DSUs instead of cash.
- [F5]Each DSU reflects the right to receive one share of common stock in the future, subject to the terms and conditions of the Director DSU Program.
- [F6]The DSU "payout date" is as soon as administratively practicable following Mr. Testman's separation from service (or December 31, 2009, if the separation from service occurs before then).