Cormier Joseph M. 4
4 · GLOBAL DEFENSE TECHNOLOGY & SYSTEMS, INC. · Filed Mar 1, 2011
Insider Transaction Report
Form 4
Cormier Joseph M.
Executive VP and CFO
Transactions
- Award
Common Stock
2011-03-01+35,000→ 43,509 total
Holdings
- 3,500(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]On January 5, 2011, in conjunction with the Company's annual equity grants to employees and directors, the Compensation Committee of the GTEC Board tentatively approved the issuance of (1) Company Options to certain executive officers for the purchase of an aggregate of 39,000 shares of Common Stock and (2) 97,000 restricted shares to certain non-management members of the GTEC Board, the Company's Chief Executive Officer and the filing person. Following the meeting, the Compensation Committee sought additional information, including the market for compensation of Chief Executive Officers and Chief Financial Officers of peer companies, final tables containing the related grant information, and input from other directors. Following receipt of this information, the Compensation Committee formally approved the grants on January 28, 2011.
- [F2]Pursuant to the terms of the Company's Equity Award Grant Policy, all annual equity grants to the Company's employees and directors are effective as of the third trading day following the date that the Company releases its annual financial results. As a result, the grant date for these grants was March 1, 2011.
- [F3]Represents restricted shares that vest in three equal, annual installments beginning on the first anniversary of the Transaction Date.