Ties Mark Edward 4
4 · XATA CORP /MN/ · Filed Feb 19, 2010
Insider Transaction Report
Form 4
XATA CORP /MN/XATA
Ties Mark Edward
Chief Financial Officer
Transactions
- Exercise/Conversion
Common stock, $0.01 par value
2010-02-17+17,778→ 81,244 total - Exercise/Conversion
Restricted stock unit
2010-02-17−13,333→ 6,667 total→ Common stock, $0.01 par value (13,333 underlying) - Exercise/Conversion
Restricted stock unit
2010-02-17−4,445→ 8,888 total→ Common stock, $0.01 par value (4,445 underlying)
Footnotes (3)
- [F1]Each restricted stock unit is the economic equivalent of one share of Xata Corporation ("Xata") common stock. Upon vesting in connection with the transaction referenced in footnote 2, one share of Xata common stock was issued in settlement of each unit.
- [F2]Restricted stock units subject to this award were scheduled to vest in one-third increments on 2/4/10, 2/4/11 and 2/4/12 and to be settled in shares of Xata common stock on 2/4/14. As a result of the conversion on 2/17/10 of certain notes issued by Xata, a change in control was deemed to have occurred for purposes of the restricted stock unit award agreements, resulting in the immediate vesting and settlement of the units scheduled to vest on 2/4/11 and the immediate settlement of units previously vested on 2/4/10.
- [F3]Restricted stock units subject to this award were scheduled to vest in one-third increments on 11/3/10, 11/3/11 and 11/3/12 and to be settled in shares of Xata common stock on 11/3/14. As a result of the conversion on 2/17/10 of certain notes issued by Xata, a change in control was deemed to have occurred for purposes of the restricted stock unit award agreements, resulting in the immediate vesting and settlement of the units scheduled to vest on 11/3/10.