Ellis James C 4
4 · IMATION CORP · Filed May 6, 2010
Insider Transaction Report
Form 4
IMATION CORPIMN
Ellis James C
VP of Strategy and M&A
Transactions
- Award
Option - Right to Buy
2010-05-04$10.61/sh+12,605$133,739→ 12,605 totalExercise: $10.61From: 2011-05-04Exp: 2020-05-04→ Common Stock (12,605 underlying) - Award
Common Stock
2010-05-04$10.61/sh+9,009$95,585→ 34,641 total - Tax Payment
Common Stock
2010-05-05$10.37/sh−719$7,456→ 33,922 total - Award
Common Stock
2010-05-04$10.61/sh+6,757$71,692→ 25,632 total
Footnotes (3)
- [F1]Common stock vests 25% on each anniversary of the grant date.
- [F2]This is restricted stock which will vest only if certain levels of 2010 operating income are met which were defined and set by the Board of Directors in connection with the 2010 Annual Bonus Plan. If Imation meets the threshold level of operating income, 50% of the restricted stock will vest, with a vesting schedule of 25% per year on each anniversary date of the date of grant, beginning May 4, 2011, and the remaining 50% of the restricted stock will be forfeited. If Imation meets or exceeds the target level of operating income, 100% of the restricted stock will vest, with a vesting schedule of 25% per year on each anniversary date of the date of grant, beginning May 4, 2011.
- [F3]Options vest 25% each year from grant date. The date listed as exercisable date is first date that any options (the first 25%) are exercisable.