SOWERS CHARLES M 4
4 · FAMILY DOLLAR STORES INC · Filed Oct 14, 2010
Insider Transaction Report
Form 4
SOWERS CHARLES M
Senior Vice President
Transactions
- Award
Common Stock
2010-10-12+4,581→ 45,663 total - Tax Payment
Common Stock
2010-10-12$46.11/sh−1,487$68,566→ 44,176 total - Award
Employee Stock Option (Right to Buy)
2010-10-12+6,220→ 6,220 totalExercise: $46.11From: 2012-10-12Exp: 2015-10-11→ Common Stock (6,220 underlying)
Footnotes (3)
- [F1]Represents gross number of shares awarded upon payout of Performance Share Rights Award granted under the Family Dollar Stores, Inc. (the "Company") 2006 Incentive Plan (the "Plan"). The payout of the referenced shares was contingent on the Company's achievement of certain net income growth and return on equity goals as compared to a peer group selected by the Company's Compensation Committee (the "Committee"). The actual payout represents 147.0% of a Target award established by the Committee and is reduced by shares withheld to satisfy tax withholding obligations. See footnote 2.
- [F2]Represents shares of Common Stock, the value of which was withheld to satisfy tax withholding obligations with respect to shares awarded on October 12, 2010 in settlement of Performance Share Rights Award.
- [F3]This option was granted on October 12, 2010, under the Family Dollar Stores, Inc. 2006 Incentive Plan, and no portion of the option may be exercised prior to October 12, 2012. Thereafter, the option will vest in cumulative installments of not more than 40% of the number of shares subject to the option on October 12, 2012, 70% on October 12, 2013, and 100% on October 12, 2014.