Merington Larry 4
4 · STEWART ENTERPRISES INC · Filed Dec 8, 2011
Insider Transaction Report
Form 4
Merington Larry
Senior VP of Sales & Marketing
Transactions
- Award
Class A Common Stock
2011-12-06+8,000→ 37,043 total - Award
Option (Right to Buy)
2011-12-06+13,500→ 13,500 totalExercise: $6.26Exp: 2021-12-06→ Class A Common Stock (0 underlying)
Footnotes (2)
- [F1]Includes 16,833 shares of restricted stock, including 8,000 shares awarded with this transaction. One-third of these 8,000 shares of restricted stock awarded on December 6, 2011 shall vest on October 31, 2012, if the closing price of a share of STEI's Class A common stock equals or exceeds $6.89 per share for 20 consecutive trading days during fiscal year 2012; to the extent not already vested on October 31, 2012, two-thirds of these shares shall vest on October 31, 2013, if the closing price of STEI's Class A common stock equals or exceeds $7.58 per share for 20 consecutive trading days during fiscal year 2013; and to the extent not already vested on October 31, 2013, all shares shall vest on October 31, 2014 if the closing price of a share of STEI's Class A Common Stock equals or exceeds $8.34 per share for 20 consecutive trading days during fiscal year 2014.
- [F2]These stock options are time-vest options vesting at 25% per year on December 6, 2012, December 6, 2013, December 6, 2014 and December 6, 2015.