4//SEC Filing
Burroughs Mark H 4
Accession 0001209191-10-024867
CIK 0000874734other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 5:58 PM ET
Size
8.6 KB
Accession
0001209191-10-024867
Insider Transaction Report
Form 4
OSTEOTECH INCOSTE
Burroughs Mark H
Executive VP & CFO
Transactions
- Award
Restricted Stock Units
2010-04-29+4,500→ 4,500 total→ Common Stock (4,500 underlying) - Award
Restricted Stock Units
2010-04-29+10,500→ 10,500 total→ Common Stock (10,500 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Common Stock. The Reporting Person receives one share of Common Stock for each restricted stock unit that vests.
- [F2]The restricted stock units vest in four equal tranches on April 29, 2011, 2012, 2013 and 2014.
- [F3]The restricted stock units vest in their entirety on April 29, 2013, subject to the satisfaction of a vesting condition linked to the Issuer's earnings per share (EPS) for fiscal year 2010. If actual EPS for fiscal year 2010 is less than 90% of the specified EPS target (as determined by the Board), none of the RSUs will vest. For EPS results between 90% and 160% of the specified EPS target, the RSUs will vest in proportion to the level of EPS achieved, with a minimum vesting percentage of 60% and a maximum vesting percentage of 150% of the total RSUs granted herein.
Documents
Issuer
OSTEOTECH INC
CIK 0000874734
Entity typeother
Related Parties
1- filerCIK 0001346452
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 5:58 PM ET
- Size
- 8.6 KB