Crawford Thomas J 4
4 · STEWART ENTERPRISES INC · Filed Dec 18, 2009
Insider Transaction Report
Form 4
Crawford Thomas J
President and CEO
Transactions
- Award
Option (Right to Buy)
2009-12-16+100,000→ 100,000 totalExercise: $5.14Exp: 2016-12-16→ Class A Common Stock (100,000 underlying) - Award
Class A Common Stock
2009-12-16+50,000→ 454,878 total
Footnotes (2)
- [F1]Includes 333,000 shares of restricted stock, including the 50,000 shares awarded with this transaction. One-third of these 50,000 shares of restricted stock awarded on December 16, 2009 shall vest on October 31, 2010, if the Closing Price of a share of SEI's Class A common stock equals or exceeds $6 per share for 20 consecutive trading days during fiscal 2010; to the extent not already vested on October 31, 2010, two-thirds of these shares shall vest on October 31, 2011, if the Closing Price of a share of SEI's Class A Common Stock equals or exceeds $7 per share for 20 consecutive trading days during fiscal 2011; and to the extent not already vested on October 31, 2011, all shares shall vest on October 31, 2012 if the closing price of a share of SEI's Class A Common Stock equals or exceds $8.00 per share for 20 consecutive trading days during fiscal 2012.
- [F2]These stock options are time-vest options vesting at 25% per year on December 16, 2010, December 16, 2011, December 16, 2012 and December 16, 2013.