Nelson Andrew P 4
4 · WESTERN LIBERTY BANCORP · Filed Nov 1, 2010
Insider Transaction Report
Form 4
Nelson Andrew P
Director
Transactions
- Award
Restricted Stock Units
2010-10-28+25,000→ 25,000 total→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F2]The restricted stock units vest on the earlier of (i) a "change of control" event within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended and (ii) October 28, 2013. Vested shares will be delivered to the reporting person on the vesting date.
- [F3]The restricted stock units were issued pursuant to a letter agreement, dated October 28, 2010, in connection with the reporting person's service as a member of the board of directors of the Company.