LENNON FRANK T 4
4 · BRINKS CO · Filed Nov 15, 2011
Insider Transaction Report
Form 4
BRINKS COBCO
LENNON FRANK T
VP & Chief Admin. Officer
Transactions
- Exercise/Conversion
Common Stock
2011-11-11+9,276→ 67,086 total - Tax Payment
Common Stock
2011-11-11$26.95/sh−2,852$76,861→ 64,234 total - Tax Payment
Common Stock
2011-11-11$26.95/sh−673$18,137→ 57,810 total - Exercise/Conversion
Units
2011-11-11−9,276→ 137,464.49 total→ Common Stock (9,276 underlying)
Footnotes (4)
- [F1]The Company withheld shares of common stock to satisfy the tax withholding obligation for the Reporting Person's Restricted Stock Units that vested on November 11, 2011.
- [F2]Under the terms of the Key Employees' Deferred Compensation Program (the "Program"), the Reporting Person has chosen to make deferrals to an incentive account. These deferrals, plus amounts matched by the Company, will settle in common stock on a one-for-one basis following the Reporting Person's termination of employment with the Company, subject to and in accordance with the terms of the Program. Pursuant to a one-time election, the Reporting Person received on November 11, 2011, a distribution of 9,276 shares of common stock from his account in settlement of an equivalent number of Units in accordance with the terms of the Program.
- [F3]The Company withheld shares of common stock to satisfy the tax withholding obligation for the distribution of shares of common stock to the Reporting Person on November 11, 2011, from his account under the Program.
- [F4]Includes 15,709 Restricted Stock Units that have not yet vested.