Matthes Bernd 4
4 · BORGWARNER INC · Filed Mar 27, 2009
Insider Transaction Report
Form 4
Matthes Bernd
VP, President and GM
Transactions
- Exercise/Conversion
common stock
2009-02-11+17,010→ 30,220 total - Exercise/Conversion
performance shares
2009-03-25+31,300→ 31,300 total→ common stock
Footnotes (3)
- [F1]The performance shares reported on February 9, 2006 were converted to the company's common stock on February 11, 2009. The shares granted were based on total shareholder return ("TSR") of the company's common stock compared to a peer group of companies TSR over a period ending December 31, 2008.
- [F2]1 for 1
- [F3]The number of performance shares actually earned will depend upon the total shareholder return ("TSR") of the Company's stock compared to the market cap weighted TSR of a peer group of companies over a period ending 12/31/2011.