Lagani Joseph 4
4 · MARTHA STEWART LIVING OMNIMEDIA INC · Filed Dec 5, 2011
Insider Transaction Report
Form 4
Lagani Joseph
EVP, Chief Revenue Officer
Transactions
- Award
Performance Stock Options (Right to Buy)
2011-12-01+125,000→ 125,000 totalExp: 2021-11-30→ Class A Common Stock, par value $0.01 (125,000 underlying) - Award
Restricted Stock Units
2011-12-01+50,000→ 50,000 totalExp: 2015-11-07→ Class A Common Stock, par value $0.01 (50,000 underlying) - Award
Performance Restricted Stock Units
2011-12-01+60,000→ 60,000 totalExp: 2014-11-08→ Class A Common Stock, par value $0.01 (60,000 underlying) - Award
Stock Options (Right to Buy)
2011-12-01+75,000→ 75,000 totalExercise: $2.90Exp: 2021-11-30→ Class A Common Stock, par value $0.01 (75,000 underlying)
Footnotes (4)
- [F1]16,667 of these time-vested Restricted Stock Units will vest on each of 11/7/13 and 11/7/14. The remaining 16,666 of these time-vested Restricted Stock Units will vest on 11/7/15.
- [F2]15,000 of the performance restricted stock units ("PRSU's) will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the period beginning on November 8, 2011 and ending on November 8, 2014 (the "Performance Period"). 15,000 of the PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $12 during any 30 consecutive trading days during the Performance Period. 15,000 of the PRSU's will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $14 during any 30 consecutive trading days during the Performance Period.
- [F3]25,000 of these time-vested options will vest on each of 11/7/2013, 11/7/2014 and 11/7/2015.
- [F4]31,250 of the performance options have an exercise price of $6 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $6 during any 30 consecutive trading days during the Performance Period. 31,250 of the performance options have an exercise price of $8 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $8 during any 30 consecutive trading days during the Performance Period. 31,250 of the performance options have an exercise price of $10 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $10 during any 30 consecutive trading days during the Performance Period. 31,250 of the performance options have an exercise price of $12 and will vest if and only if the trailing average closing price of the Company's Class A Common Stock is at least $12 during any 30 consecutive trading days of the Performance Period.