4//SEC Filing
Schipper Katherine 4
Accession 0001209191-11-023134
CIK 0001045150other
Filed
Apr 17, 8:00 PM ET
Accepted
Apr 18, 2:20 PM ET
Size
6.1 KB
Accession
0001209191-11-023134
Insider Transaction Report
Form 4
Schipper Katherine
Director
Transactions
- Award
Restricted Stock Units
2011-04-14+9,000→ 9,000 totalFrom: 2012-04-14Exp: 2012-04-14→ Common Stock (9,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive a payment of cash equivalent to the fair market value of a share of Tier common stock as of the first anniversary of the date of grant, unless the reporting person ceases to be a member of Tier's board of directors or an employee of Tier before that date, in which case the reporting person will be entitled to receive a cash payment that is prorated based upon the number of days the reporting person served as a board member or employee of Tier during the one year period following the date of grant.
- [F2]Payment will be made to the reporting person within thirty (30) days of the earlier of (i) the date the reporting person ceases to be either a member of Tier's board of directors or an employee of Tier and (ii) the first anniversary of the date of grant.
Documents
Issuer
TIER TECHNOLOGIES INC
CIK 0001045150
Entity typeother
Related Parties
1- filerCIK 0001517475
Filing Metadata
- Form type
- 4
- Filed
- Apr 17, 8:00 PM ET
- Accepted
- Apr 18, 2:20 PM ET
- Size
- 6.1 KB