Johnson Ray 4
4 · FURNITURE BRANDS INTERNATIONAL INC · Filed Dec 21, 2009
Insider Transaction Report
Form 4
Johnson Ray
SrVP, Global Supply Chain
Transactions
- Award
Restricted Stock Unit
2009-12-21+67,857→ 67,857 totalExp: 2013-12-19→ Common Stock (67,857 underlying)
Footnotes (2)
- [F1]The restricted stock units are payable only in cash. 50% of the restricted stock units represent the right to receive $6.26 per unit (the "First Tranche") and 50% of the restricted stock units represent the right to receive $9.39 per unit (the "Second Tranche").
- [F2]The First Tranche vests upon the Company's common stock achieving a market price of $6.26 for a ten day trailing average, and the Second Tranche vests upon the Company's common stock achieving a market price of $9.39 for a ten day trailing average. If these objectives are met, payouot of the First Tranche and Second Tranche will not occur until December 19, 2010 and December 19, 2011, respectively.