BARTOL RITA MARIE 4
4 · FINANCIAL INSTITUTIONS INC · Filed Feb 23, 2011
Insider Transaction Report
Form 4
BARTOL RITA MARIE
Senior Vice President
Transactions
- Award
Common Stock
2011-02-18+1,754→ 2,254 total
Footnotes (1)
- [F1]Represents a grant of restricted stock pursuant to the Company's 2009 Management Stock Incentive Plan. The award vests 50% on February 18, 2013 and 50% on February 18, 2014, subject to the achievement of the Company's performance goals for the year, subject to the participants 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.