ELLER TIMOTHY R 4
4 · PMI GROUP INC · Filed Nov 18, 2010
Insider Transaction Report
Form 4
ELLER TIMOTHY R
Director
Transactions
- Award
Stock Units
2010-11-17+10,927.15→ 10,927.15 total→ Common Stock (10,927.15 underlying) - Award
Phantom Stock
2010-11-17$3.02/sh+22,185.43$67,000→ 22,185.43 total→ Common Stock (22,185.43 underlying)
Footnotes (2)
- [F1]Represents an initial grant of stock units to Reporting Person upon first becoming a director. Stock units vest upon the earlier of (i) five years from the grant date, or (ii) termination of the director's service on the Board and are payable in shares on the payment date determined under the Equity Incentive Plan. Each stock unit has the economic equivalent of one share of PMI common stock.
- [F2]Represents an initial grant of phantom stock to Reporting Person upon first becoming a director. Phantom stock vests upon the earlier of five years from grant or termination of the director's service on the Board and is payable in cash on the payment date determined under the Non-Employee Directors Phantom Stock Plan. Each share of phantom stock has the economic equivalent of one share of PMI common stock.