Robinson Michael R 4
4 · LIFE TIME FITNESS, INC. · Filed Dec 30, 2011
Insider Transaction Report
Form 4
Robinson Michael R
Exec. Vice President and C.F.O
Transactions
- Sale
Common Stock
2011-12-29$48.03/sh−45,000$2,161,247→ 174,363 total - Exercise/Conversion
Common Stock
2011-12-29$12.00/sh+43,000$516,000→ 219,363 total - Exercise/Conversion
Stock Option (right to buy)
2011-12-29−43,000→ 0 totalExercise: $12.00Exp: 2013-12-17→ Common Stock (43,000 underlying) - Exercise/Conversion
Common Stock
2011-12-29$8.00/sh+2,000$16,000→ 176,363 total - Exercise/Conversion
Stock Option (right to buy)
2011-12-29−2,000→ 0 totalExercise: $8.00Exp: 2013-04-01→ Common Stock (2,000 underlying)
Footnotes (4)
- [F1]The stock sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2011. The sales reported on this Form 4 conclude the transactions contemplated by the Rule 10b5-1 trading plan.
- [F2]Reflects the weighted average price of 45,000 shares of Common Stock of Life Time Fitness, Inc. sold by the reporting person in multiple transactions on December 29, 2011 with sale prices ranging from $48.00 to $48.34 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]The option vested as to 20% of the shares annually beginning on January 4, 2004, subject to accelerated vesting upon a change of control.
- [F4]The option vested as to 25% of the shares annually beginning on December 17, 2004, subject to accelerated vesting upon a change of control.