PARKER WALLACE P JR 4
4 · BIOCLINICA INC · Filed Nov 19, 2010
Insider Transaction Report
Form 4
BIOCLINICA INCBIOC
PARKER WALLACE P JR
Director
Transactions
- Award
Restricted Stock Units
2010-11-17+12,500→ 12,500 total→ Common Stock (12,500 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock of BioClinica, Inc. (the "Company"), par value $0.00025.
- [F2]Represents the automatic grant of 12,500 restricted stock units, granted pursuant to the Company's 2010 Stock Incentive Plan, upon election to the Board of Directors on November 17, 2010, determined by using the closing price on November 17, 2010. The restricted stock units shall vest as follows: 1/6 of the RSUs shall vest upon Mr. Parker's appointment to the Board, and the remaining 5/6 of the RSUs shall vest in equal installments upon completion of each successive month of Board service over the period ending on the date of the Company's next annual meeting of stockholders. Such vesting was pro-rated to reflect the six month period remaining between the date of Mr. Parker's appointment to the Board and the date of the Company's next annual meeting of stockholders. Each RSU which vests will entitle the director to one share of common stock upon his cessation of Board service.