ROSSETTI RONALD L 4
4 · TIER TECHNOLOGIES INC · Filed Jan 28, 2009
Insider Transaction Report
Form 4
ROSSETTI RONALD L
DirectorCEO
Transactions
- Award
Performance Shares
2009-01-27+150,000→ 150,000 totalExercise: $0.00From: 2011-12-04Exp: 2011-12-04→ Restricted Stock Units (150,000 underlying)
Footnotes (1)
- [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 $8 per share and maintaining that price for 60 consecutive days and have a three year cliff vesting.