HAGI GEORGE DANIEL 4
4 · FINANCIAL INSTITUTIONS INC · Filed Feb 18, 2011
Insider Transaction Report
Form 4
HAGI GEORGE DANIEL
Exec. VP & Chief Risk Officer
Transactions
- Award
Common Stock
2011-02-16+1,417→ 22,864 total
Footnotes (1)
- [F1]Represents a grant of restricted stock pursuant to the Company's 2009 Management Stock Incentive Plan. The award vests on February 16, 2013, subject to the participant's continued employment with the Company and subject to accelerated vesting upon the death of the participant. However, as long as the Company is a "TARP recipient," as defined under the Interim Final Rules, the award may become transferable only in 25% increments at the time of the Company's repayment of 25%, 50%, 75% and 100%, respectively, of the financial assistance it received under the U.S. Treasury's Capital Purchase Program, or as may be required to satisfy tax obligations incurred in connection with the vesting of the restricted shares.