Horizon Lines, Inc. 4
4 · Horizon Lines, Inc. · Filed Jul 27, 2012
Insider Transaction Report
Form 4
BRODSKY JEFFREY A
Director
Transactions
- Award
Restricted Stock Unit
2012-07-25+150,000→ 150,000 total→ Common Stock, par value (150,000 underlying)
Footnotes (2)
- [F1]Each restricted stock unit entitles the director to receive one share of HRZ common stock and cash equal to the amount of any dividend equivalents credited to such restricted stock.
- [F2]Up to 30,000 restricted stock units will vest on March 31, 2013, 60,000 will vest on March 31, 2014 and 60,000 will vest on March 31, 2015 based solely on continued service by the director on those dates.