ELLER TIMOTHY R 4
4 · PMI GROUP INC · Filed Jan 19, 2011
Insider Transaction Report
Form 4
ELLER TIMOTHY R
Director
Transactions
- Award
Stock Units
2011-01-18+1,503.76→ 12,430.91 total→ Common Stock (1,503.76 underlying) - Award
Phantom Stock
2011-01-18$3.99/sh+3,195.49$12,750→ 25,380.92 total→ Common Stock (3,195.49 underlying)
Footnotes (2)
- [F1]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]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.