NAVARRE CORP /MN/ 4
4 · NAVARRE CORP /MN/ · Filed Sep 19, 2011
Insider Transaction Report
Form 4
PORTER J REID
Exec. Vice President and CFO
Transactions
- Exercise/Conversion
Common Stock
2011-09-15+37,500→ 205,898 total - Tax Payment
Common Stock
2011-09-15$1.75/sh−12,263$21,460→ 193,635 total - Exercise/Conversion
Restricted Stock Unit
2011-09-15−37,500→ 37,500 totalExercise: $0.00Exp: 2012-04-06→ Common Stock (37,500 underlying)
Footnotes (3)
- [F1]Surrender to the Company of shares to cover the minimum statutory tax withholding obligations occasioned by the vesting of Restricted Stock Units.
- [F2]Restricted Stock Units granted August 23, 2011 pursuant to the terms of the Company's Amended and Restated 2004 Stock Plan and conditioned upon employment with the Company. Each Restricted Stock Unit represents a contingent right to receive one share of the Company's common stock once vested.
- [F3]Vesting of first installment of 37,500 shares of Restricted Stock Units granted on August 23, 2011. Remaining installment of 37,500 shares vests on April 6, 2012 conditioned upon continued employment and subject to acceleration under certain circumstances.