NAPIER JAMES V 4
4 · WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP · Filed May 17, 2010
Insider Transaction Report
Form 4
NAPIER JAMES V
Director
Transactions
- Award
Common Stock - Direct
2010-05-13+1,016.78→ 19,516.78 total - Award
Phantom Stock
2010-05-13+1,016.78→ 1,016.78 total→ Common Stock (1,016.78 underlying)
Footnotes (5)
- [F1]Stock grant carries a one year restriction.
- [F2]Stock was granted as part of Director's compensation package. Average of high and low price on 5/13/2010 was $49.18.
- [F3]The reporting person deferred the receipt of 1,016.78 shares of restricted stock, pursuant to the Westinghouse Air Brake Technologies Corporation Deferred Compensation Plan for Executive Officers and Directors.
- [F4]Each share of Phantom Stock represents a right to receive one share of common stock of the issuer.
- [F5]The Phantom Stock becomes payable according to the election of payment designation that was filed by the reporting person subject to the Westinghouse Air Brake Technologies Corporation Deferred Compensation Plan for Executive Officers and Directors. Such payment will be either lump sum or in annual installments commencing on the separation from service payment commencement date as defined in the Plan and as elected by the reporting person.