Sax Gerald G 4
4 · VIASYSTEMS GROUP INC · Filed Feb 9, 2012
Insider Transaction Report
Form 4
Sax Gerald G
Sr. VP, CFO
Transactions
- Award
Option (Right to Buy)
2012-02-07+27,840→ 169,608 totalExercise: $18.42From: 2014-12-31Exp: 2019-02-07→ Common Stock (27,840 underlying) - Award
Common Stock
2012-02-07+14,477→ 67,155 total - Award
Performance Shares
2012-02-07+14,477→ 184,085 total→ Common Stock (14,477 underlying)
Footnotes (5)
- [F1]Represents restricted shares that vest on 02/07/2015.
- [F2]These options were granted pursuant to an employee stock plan in compliance with Rule 16b-3 and have tandem tax withholding rights.
- [F3]One-third of the shares underlying the grant vest on the first anniversary of the date of the grant, and thereafter, the remaining two-thirds of the shares vest in equal installments or each of the net eight ensuing quarter ends, such that all shares underlying the grant will have vested by December 31, 2014.
- [F4]Award to Reporting Person under the Viasystems Group, Inc. (the "Company") 2010 Equity Incentive Plan. The performance shares award provides for payment in the Company's common stock in an amount ranging from 0% to 200% of the performance shares awarded based upon satisifaction of certain performance criteria over the performance period of January 1, 2012 to December 31, 2016 (or such earlier date at which performance critera are met) (unless a change of control of the Company occurs during the performance period, in which case the performance period will conclude on the date of the change of control and the performance criteria will be measured as of such date with a payment equal to the greater of the target award or actual performance).
- [F5]Following completion of the performance period, the Compensation Committee of the Company's Board of Directors will certify the achievement of the performance criteria and thereafter transfer common stock of the Reporting Person.