Elder Ronald John 4
4 · Chrysler Group LLC · Filed Jun 2, 2011
Insider Transaction Report
Form 4
Elder Ronald John
Chief Accounting Officer
Transactions
- Award
Deferred Phantom Shares
2011-05-31+366.9→ 733.8 totalExercise: $0.00→ Class A Membership Interests (0.61 underlying)
Footnotes (2)
- [F1]Granted on May 31, 2011.
- [F2]Each Deferred Phantom Share ("DPS") represents a unit (a "Chrysler Group Unit") equal to 1/600th of the value of a Class A Membership Interest of Chrysler Group LLC (the "Company") on a fully diluted basis after conversion of the Company's Class B Membership Interests pursuant to the terms of the Company's Limited Liability Company Operating Agreement ("LLC Operating Agreement"), assuming that the Class B member's ownership interest does not increase as a result of the occurence of the Class B Events (as defined in the LLC Operating Agreement). Each DPS is fully vested upon grant. Payments of DPSs will be made in cash in three equal installments at the end of each quarter in which the second, third and fourth anniversaries of the monthly grant occur. Each installment may be made one year earlier than scheduled if the Company's TARP obligations have been repaid.