Mehta Nikhil Atul 4
4 · CLEAN DIESEL TECHNOLOGIES INC · Filed Sep 19, 2011
Insider Transaction Report
Form 4
Mehta Nikhil Atul
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2011-09-16+13,334→ 27,046 total - Sale
Common Stock
2011-09-19$3.67/sh−6,363$23,373→ 20,683 total - Exercise/Conversion
Restricted Stock Units
2011-09-16−13,334→ 0 totalFrom: 2011-09-16→ Common stock (13,334 underlying)
Footnotes (5)
- [F1]Shares of common stock acquired upon vesting of Restricted Stock Units (RSUs) granted September 8, 2011 pursuant to the CDTI 1994 Incentive Plan.
- [F2]Shares were sold to cover the reporting person's tax obligation in connection with the vesting of RSUs and conversion into shares of common stock.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $3.65 to $3.82, inclusive. The reporting person undertakes to provide CDTI, any security holder of CDTI or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
- [F4]Each RSU represents a contingent right to receive one share of CDTI common stock.
- [F5]The RSU vests as to 100% on the sixth business day from September 8, 2011, the date of grant. Issuance will occur on vest date. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason, will be forfeited.