Bennett Christine Constance 4
4 · HeartWare International, Inc. · Filed May 16, 2011
Insider Transaction Report
Form 4
Bennett Christine Constance
Director
Transactions
- Award
Restricted Stock Unit
2011-05-12+1,000→ 1,666 totalExp: 2015-05-12→ Common Stock (1,000 underlying) - Award
Stock Option (right to buy)
2011-05-12+1,000→ 2,000 totalExercise: $79.01Exp: 2021-05-12→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]The stock options become exercisable in four equal installments on the anniversary of the date of grant (May 12, 2012, May 12, 2013, May 12, 2014 and May 12, 2015) subject to Dr. Bennett's continuous service as a director of the Company through each such anniversary date. In addition, the stock options will immediately vest upon the occurrence of a change in control (as defined in the 2008 Stock Incentive Plan) or upon Dr. Bennett's death prior to settlement.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]The restricted stock units become exercisable in four equal installments on the anniversary of the date of grant (May 12, 2012, May 12, 2013, May 12, 2014 and May 12, 2015) subject to Dr. Bennett's continuous service as a director of the Company through each such anniversary date. In addition, the restricted stock units will immediately vest upon the occurrence of a change in control (as defined in the 2008 Stock Incentive Plan) or upon Dr. Bennett's death prior to settlement.