Hirt Robert Paul JR 4
4 · EXIDE TECHNOLOGIES · Filed Nov 21, 2011
Insider Transaction Report
Form 4
Hirt Robert Paul JR
President--Exide Americas
Transactions
- Award
Common Stock
2011-11-18+100,000→ 100,000 total - Award
Common Stock
2011-11-18+52,500→ 152,500 total - Award
Performance Shares
2011-11-18+78,750→ 78,750 totalExercise: $0.00Exp: 2014-06-29→ Common Stock (78,750 underlying)
Footnotes (4)
- [F1]Reflects an award of restricted stock to the reporting person on November 18, 2011 commensurate with the commencement of employment with the Company. The shares vest on November 18, 2014.
- [F2]Reflects award of restricted stock pursuant to the Exide Technologies 2009 Stock Incentive Plan. The restricted stock vests ratably over three years beginning November 18, 2012.
- [F3]Represents the maximum number of Performance Shares that will be earned, if at all, based on the achievement of certain pre-established management objectives for the period April 1, 2011 through March 31, 2014. Each Performance Share represents a contingent right to receive one share of Exide Technologies common stock.
- [F4]The Performance Shares will vest no later than 90 days after March 31, 2014, after the Board of Directors, or a committee thereof, certifies the achievement of one or more of the management objectives.