KELLY R JAMES 4
4 · FAMILY DOLLAR STORES INC · Filed Oct 6, 2011
Insider Transaction Report
Form 4
KELLY R JAMES
President and COO
Transactions
- Award
Common Stock
2011-10-04+67,379→ 363,782 total - Award
Employee Stock Option (Right to Buy)
2011-10-04+68,580→ 68,580 totalExercise: $51.49From: 2013-10-04Exp: 2016-10-03→ Common Stock (68,580 underlying) - Tax Payment
Common Stock
2011-10-04$51.49/sh−26,684$1,373,959→ 337,098 total
Footnotes (3)
- [F1]Represents gross number of shares awarded upon payout of Performance Share Rights Award granted under the Family Dollar Stores, Inc. (the "Company") 2006 Incentive Plan (the "Plan"). The payout of the referenced shares was contingent on the Company's achievement of certain net income growth and return on equity goals as compared to a peer group selected by the Company's Compensation Committee (the "Committee"). The actual payout represents 160.3% of a Target award established by the Committee and is reduced by shares withheld to satisfy tax withholding obligations. See footnote 2.
- [F2]Represents shares of Common Stock, the value of which was withheld to satisfy tax withholding obligations with respect to shares awarded on October 4, 2011 in settlement of Performance Share Rights Award.
- [F3]This option was granted on October 4, 2011, under the Family Dollar Stores, Inc. 2006 Incentive Plan, and no portion of the option may be exercised prior to October 4, 2013. Thereafter, the option will vest in cumulative installments of not more than 40% of the number of shares subject to the option on October 4, 2013, 70% on October 4, 2014, and 100% on October 4, 2015.