Higgins Kevin 4
4 · Burger King Holdings Inc · Filed Aug 27, 2010
Insider Transaction Report
Form 4
Higgins Kevin
President, EMEA
Transactions
- Award
Common Stock
2010-08-25+38,434→ 50,574 total - Disposition to Issuer
Common Stock
2010-08-26−1,829→ 48,745 total - Award
Option to Purchase Common Stock
2010-08-25+13,485→ 13,485 totalExercise: $17.51Exp: 2020-08-25→ Common Stock (13,485 underlying)
Holdings
- 33,478
Option to Purchase Common Stock
Exercise: $18.31Exp: 2019-08-26→ Common Stock (33,478 underlying)
Footnotes (4)
- [F1]The shares reported represent an award of performance based restricted stock granted to the Reporting Person by the Issuer on August 25, 2010. The shares will have a one year performance period beginning July 1, 2010 and ending June 30, 2011 and will vest 100% on the third anniversary of the grant date. The number of shares of performance based restricted stock that will be earned at the end of the one year performance period is subject to an increase or decrease of shares of up to 50% based on the results of the Company performance condition.
- [F2]The shares reported represent a forfeiture of performance based restricted stock granted to the Reporting Person by the Issuer on August 26, 2009. The shares had a one year performance period that began on July 1, 2009 and ended on June 30, 2010. Since the performance condition was not satisfied, the Reporting Person forfeited 1,829 shares of the 12,140 shares granted on August 26, 2009.
- [F3]25% of shares are exercisable on each of 8/25/2011, 8/25/2012, 8/25/2013 and 8/25/2014.
- [F4]25% of the shares were exercisable on 8/26/2010. 25% of shares are exercisable on each of 8/26/2011, 8/26/2012 and 8/26/2013.