Ayd G. Robert 4
4 · VALUEVISION MEDIA INC · Filed Oct 5, 2012
Insider Transaction Report
Form 4
Ayd G. Robert
President
Transactions
- Award
Stock Option (right to buy)
2012-10-03+320,000→ 320,000 totalExercise: $4.00Exp: 2022-10-03→ Common Stock (320,000 underlying)
Footnotes (2)
- [F1]Grant is issued effective as of 10/3/12 and was issued as a long term incentive award pursuant to the Issuer's 2011 Omnibus Incentive Plan.
- [F2]The option award has an exercise price of $4.00 per share, representing a 75% premium to the Issuer's closing share price of $2.29 on the grant date. The option award becomes vested and exercisable, if at all, as to 50%, 25% and 25% of the total shares granted if the average daily closing price of a share of the Issuer's common stock on the NASDAQ Stock Market during any 20 consecutive trading day period equals or exceeds $6.00, $8.00 and $10.00, respectively. The closing target prices that must be reached represent a price appreciation over the price on the date of grant of: 162% at $6.00, 249% at $8.00 and 337% at $10.00. The $6.00 target price must be achieved within three years of the option grant date and the $8.00 and $10.00 target prices must be achieved within two years thereafter.