Fernandez M Sean 4
4 · XPO Logistics, Inc. · Filed Nov 9, 2011
Insider Transaction Report
Form 4
Fernandez M Sean
CHIEF OPERATING OFFICER
Transactions
- Award
Restricted Stock Units
2011-11-07+55,000→ 55,000 total→ Common Stock, par value $0.001 per share (55,000 underlying) - Award
Employee Stock Options (right to buy)
2011-11-07+55,000→ 55,000 totalExercise: $10.53Exp: 2021-11-07→ Common Stock, par value $0.001 per share (55,000 underlying)
Footnotes (3)
- [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 as follows: 5,000 Restricted Stock Units shall vest and be settled on September 2, 2012 and 12,500 Restricted Stock Units shall vest and be settled on each of the first, second, third and fourth anniversaries thereof, subject to M. Sean Fernandez's continued employment with the Issuer.
- [F3]The Employee Stock Options shall initially be unvested, and shall vest 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 M. Sean Fernandez's continued employment with the Issuer.