Ritter Greg 4
4 · XPO Logistics, Inc. · Filed Oct 7, 2011
Insider Transaction Report
Form 4
Ritter Greg
Sr. VP, Brokerage Operations
Transactions
- Award
Restricted Stock Units
2011-10-05+50,000→ 50,000 total→ Common Stock, par value $0.001 per share (50,000 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
- [F2]The Restricted Stock Units shall initially be unvested, and shall vest and be settled in equal annual installments of 20% each, beginning on September 2, 2012 and continuing on the first, second, third and fourth anniversaries thereof, subject to Gregory W. Ritter's continued employment with the Issuer.