NAVARRE CORP /MN/ 4

4 · NAVARRE CORP /MN/ · Filed Oct 31, 2011

Form 4

Period: 2011-10-28

Exec. Vice President and CFO

Transactions

Exercise/Conversion
Restricted Stock Unit
2011-10-28−17,500→ 0 total
Exercise: $0.00Exp: 2012-11-03→ Common Stock (17,500 underlying)
Exercise/Conversion
Common Stock
2011-10-28+113,833→ 307,468 total
Tax Payment
Common Stock
2011-10-28$1.55/sh−37,225$57,699→ 270,243 total
Exercise/Conversion
Restricted Stock Unit
2011-10-28−8,833→ 0 total
Exercise: $0.00Exp: 2011-11-13→ Common Stock (8,833 underlying)
Exercise/Conversion
Restricted Stock Unit
2011-10-28−37,500→ 0 total
Exercise: $0.00Exp: 2012-04-06→ Common Stock (37,500 underlying)
Exercise/Conversion
Restricted Stock Unit
2011-10-28−50,000→ 0 total
Exercise: $0.00Exp: 2012-08-10→ Common Stock (50,000 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 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]Accelerated vesting of Restricted Stock Units upon the retirement of Mr. Porter on October 28, 2011.

Documents

1 file