Crippen Dan L 4
4 · ECLIPSYS CORP · Filed May 11, 2010
Insider Transaction Report
Form 4
ECLIPSYS CORPECLP
Crippen Dan L
Director
Transactions
- Award
Deferred stock units
2010-05-07+6,628→ 28,013 total→ Common Stock (6,628 underlying)
Footnotes (3)
- [F1]Each deferred stock unit represents a contingent right to receive one share of common stock of the issuer.
- [F2]These deferred stock units are issued as annual compensation to non-employee directors of the issuer and vest during continuation of Board service in 12 equal consecutive monthly installments following the date of award, or if earlier, upon a change in control of the issuer, or the issuer's 2011 Annual Meeting of Stockholders. The date of award and vesting start date is May 7, 2010, the date of the issuer's 2010 Annual Meeting of Stockholders. Shares are not issued to the reporting person until the earlier of: (i) the cessation of service as a director of the issuer; or (ii) a change-in-control of the issuer.
- [F3]The deferred stock units are issued as compensation for service by the reporting person as a non-employee director of the issuer.