Birch Paul D 4
4 · Double-Take Software, Inc. · Filed May 18, 2010
Insider Transaction Report
Form 4
Birch Paul D
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2010-05-13−10,000→ 0 totalExercise: $0.00→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2010-05-13+10,000→ 12,000 total - Award
Restricted Stock Units
2010-05-13+10,000→ 10,000 totalExercise: $0.00→ Common Stock (10,000 underlying)
Footnotes (4)
- [F1]Shares of common stock acquired on the vesting of restricted stock units.
- [F2]The restricted stock units became fully vested on May 13, 2010, which was the date of Double-Take Software, Inc.'s annual meeting of stockholders.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Double-Take Software, Inc.'s common stock.
- [F4]The restricted stock units vest 100% on the earlier to occur of the 2011 Annual Meeting of Stockholders or May 13, 2011. The vesting of the restricted stock units does not accelerate upon a change of control if the change of control occurs less than 155 days from the grant date of the restricted stock units. In certain instances, delivery of shares may be delayed to facilitate the ability of the reporting person to sell shares to cover tax obligations.