Bennett Christine Constance 4
4 · HeartWare International, Inc. · Filed May 6, 2010
Insider Transaction Report
Form 4
Bennett Christine Constance
Director
Transactions
- Award
Restricted Stock Unit
2010-05-04+1,000→ 1,000 totalExp: 2020-05-04→ Common Stock (1,000 underlying) - Award
Stock Option (right to buy)
2010-05-04+1,000→ 1,000 totalExercise: $57.07Exp: 2020-05-04→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]The stock options become exercisable in four equal installments on the anniversary of the date of grant (May 4, 2011, May 4, 2012, May 4, 2013 and May 4, 2014) subject to Ms. Bennett's continuous service as a director of the Company through each such anniversary date. In addition, the stock options will immediately vest upon the occurrence of a change in control (as defined in the 2008 Stock Incentive Plan) or upon Ms. Bennett's death prior to settlement.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]The restricted stock units become exercisable in three equal installments on the anniversary of the date of grant (May 4, 2011, May 4, 2012 and May 4, 2013) subject to Ms. Bennett's continuous service as a director of the Company through each such anniversary date. In addition, the restricted stock units will immediately vest upon the occurrence of a change in control (as defined in the 2008 Stock Incentive Plan) or upon Ms. Bennett's death prior to settlement.