Olin Rick 4
4 · TechTarget Inc · Filed Feb 27, 2012
Insider Transaction Report
Form 4
TechTarget IncTTGT
Olin Rick
VP, Gen. Counsel & Secretary
Transactions
- Exercise/Conversion
Common Stock
2012-02-23+6,250→ 50,000 total - Exercise/Conversion
Restricted Stock Unit
2012-02-23−6,250→ 12,500 total→ Common Stock (6,250 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represented a contingent right to receive one share of TechTarget, Inc.'s common stock. The Reporting Person settled these restricted stock units for common stock.
- [F2]The related restricted stock unit award vests in four equal annual installments beginning January 5, 2011. Each vesting tranche is distributed to the Reporting Person on the earliest to occur of the following "Permissible Events": (i) the termination of the Reporting Person's employment for any reason, (ii) the Reporting Person becoming disabled within the meaning of Section 409A, (iii) the death of the Reporting Person, (iv) the occurrence of a "change in control" of the Company within the meaning of Section 409A, and (v) the applicable date set forth in the Reporting Person's deferral plan with respect to each Vesting Tranche. This portion of the Reporting Person's restricted stock unit award vested on January 5, 2012, but, pursuant to the terms of the related Restricted Stock Unit Agreement, delivery of these shares was deferred such that they were delivered on February 23, 2012.