WIXTED JOHN J JR 4
4 · PNC FINANCIAL SERVICES GROUP INC · Filed Feb 13, 2009
Insider Transaction Report
Form 4
WIXTED JOHN J JR
Chief Risk Officer
Transactions
- Award
$5 Par Common Stock
2009-02-12+2,703→ 33,530 total - Award
$5 Par Common Stock
2009-02-12+3,500→ 37,030 total - Award
Employee Stock Option (Right-to-Buy)
2009-02-12+26,400→ 26,400 totalExercise: $31.07From: 2010-02-12Exp: 2019-02-12→ $5 Par Common Stock (26,400 underlying)
Footnotes (3)
- [F1]Restricted stock granted in lieu of cash, pursuant to an award made under the PNC 1996 Executive Incentive Award Plan.
- [F2]On January 20, 2006, the Personnel and Compensation Committee of the PNC Board of Directors granted an incentive performance unit opportunity to the reporting person. The grant was expressed as a "target" number of share units, and was adjusted for dividend equivalents over the three-year performance period. Subject to the Committee's discretion, the reporting person is eligible to receive shares of PNC common stock (if PNC meets specified performance criteria up to the target level) and/or cash (if the performance criteria exceeds the target level). PNC exceeded the target level performance criteria, which resulted in the vesting of 3,500 shares of PNC common stock.
- [F3]Grant of stock options subject to the precondition of an appropriate agreement, signed by the parties. Options generally become exercisable in three equal annual installments, beginning one year after the date of grant.