Rae Nancy Ann 4
4 · Chrysler Group LLC · Filed Dec 2, 2011
Insider Transaction Report
Form 4
Rae Nancy Ann
SVP - Human Resources
Transactions
- Award
Deferred Phantom Shares
2011-11-30+2,831.4→ 5,662.8 total→ Class A Membership Interests (4.719 underlying)
Footnotes (3)
- [F1]Each Deferred Phantom Share ("DPS") represents a unit (a "Chrysler Group Unit") equal to 1/600th of the value of a Class A Membership Interest of Chrysler Group LLC (the "Company") on a fully diluted basis after conversion of the Company's Class B Membership Interests pursuant to the terms of the Company's limited liability company operating agreement.
- [F2]Granted on November 30, 2011.
- [F3]Under the Company's Deferred Phantom Share Plan (the "Plan"), each DPS is fully vested upon grant and settles in cash in three equal installments at the end of each quarter in which the second, third and fourth anniversaries of the monthly grant occur. As a result of the early repayment of the Company's TARP obligations and in accordance with the Plan, however, each installment will be paid one year earlier commencing as early as practicable in 2012.