Bernardi David 4
4 · BROADSOFT INC · Filed Jan 26, 2011
Insider Transaction Report
Form 4
BROADSOFT INCBSFT
Bernardi David
Director
Transactions
- Award
Common Stock
2011-01-25+1,107→ 1,107 total
Footnotes (2)
- [F1]Represents shares of common stock underlying restricted stock units (the "RSUs") granted on January 25, 2011, pursuant to the Issuer's Non-Employee Director Compensation Policy (the "Policy"). The RSUs represent a pro-rata amount (the "Pro-Rata Amount") of the $30,000 Annual Equity Retainer (as defined in the Policy) for the remaining 341 days of service in the calendar year 2011 beginning on January 25, 2011. The Pro-Rata Amount of $28,027.40 is obtained by multiplying $30,000 by 341/365. The total number of shares of common stock underlying the RSUs is a result of dividing the Pro-Rata Amount by the closing price of the Issuer's common stock on the date of grant, rounded down to the nearest whole number. (continued in Footnote 2 below)
- [F2]217 of the RSUs vest on March 31, 2011, assuming the Reporting Person remains a member of the Board of Directors as of such date. The balance of the RSUs vest in three equal installments on June 30, 2011, September 30, 2011 and December 31, 2011, assuming the Reporting Person remains a member of the Board of Directors through the end of the relevant calendar quarter.