RUDGERS JAMES TRACY 4
4 · FINANCIAL INSTITUTIONS INC · Filed Mar 19, 2009
Insider Transaction Report
Form 4
RUDGERS JAMES TRACY
EVP & Chief of Comm. Banking
Transactions
- Disposition to Issuer
Common Stock
2009-03-12−4,400→ 7,100 total
Footnotes (1)
- [F1]As reported on Form 4 dated 01/16/2008, Mr. Rudgers was granted 5,500 shares of restricted stock which would vest upon satisfaction of both a performance requirement and a service requirement. The amount reported on this Form 4 reflects the forfeiture of the non-achieved portion, or 80%, of the performance requirement. Based upon achievement of 20% of the performance-based requirement, 1,100 of the restricted stock awards will vest in accordance with the service requirements in two equal installments beginning on 01/16/2010.