Volz Kenneth H 4
4 · WARWICK VALLEY TELEPHONE CO · Filed Mar 23, 2009
Insider Transaction Report
Form 4
Volz Kenneth H
Executive Vice President & CFO
Transactions
- Award
Restricted Stock
2009-03-20$10.02/sh+3,759$37,665→ 8,759 total - Award
Employee Stock Option
2009-03-20$10.02/sh+18,793$188,306→ 43,793 total
Holdings
- 2,965(indirect: By Spouse)
Common Shares
Footnotes (3)
- [F1]Restricted stock awarded pursuant to the Warwick Valley Telephone Company, Inc. 2008 Long Term Inentive Plan (the "2008 Plan").
- [F2]The option shall vest and become exercisable as follows, with any fractional share resulting from such proration vesting on the third anniversary: (i) one third of the shares subject to the stock option upon the date that is one year from the date of the agreement if the participant continues to be employed by the Company on such date; (ii) an additional one-third of the shares subject to the stock option upon the date that is two years from the date of the agreement if the participant continues to be employed by the Company on such date; and (iii) the remaining one-third of the shares subject to the stock option upon the date that is three years from the date of the agreement if the participant continues to be employed by the company on such date.
- [F3]Shares are held jointly with spouse.