Eggers Michael R 4
4 · REALNETWORKS INC · Filed Jun 2, 2011
Insider Transaction Report
Form 4
REALNETWORKS INCRNWK
Eggers Michael R
Sr. Vice President & CFO
Transactions
- Award
Performance-based Restricted Stock Units
2011-05-31+150,000→ 150,000 totalExercise: $0.00From: 2012-04-01Exp: 2018-04-01→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]Converts into Common Stock on a unit-for-share basis upon vesting.
- [F2]On May 31, 2011, the reporting individual was granted 150,000 performance-based restricted stock units ("PRSUs") that will vest as to a maximum of 100% of the shares on April 1, 2012, provided certain performance criteria are satisfied by such date. Up to one-third of the PRSUs units will vest based on the Company's achievement of certain strategic goals, up to an additional one-third of the PRSUs will vest based on the Company's achievement of certain transitional goals, and up to an additional one-third of the PRSUs will vest based on the Company's achievement of certain operational goals.