DERBES LEWIS J JR 4
4 · STEWART ENTERPRISES INC · Filed Dec 14, 2012
Insider Transaction Report
Form 4
DERBES LEWIS J JR
V.P., Treasurer and Secretary
Transactions
- Award
Class A Common Stock
2012-12-12+65,000→ 65,000 totalExercise: $7.36Exp: 2022-12-12→ Class A Common Stock (0 underlying) - Award
Class A Common Stock
2012-12-12+35,000→ 99,132 total
Footnotes (2)
- [F1]Includes 68,333 shares of restricted stock, including 35,000 shares awarded with this transaction. One-third of these 35,000 shares of restricted stock awarded on 12/12/2012 shall vest on October 31, 2013, if the closing price of a share of STEI's Class A common stock equals or exceeeds $8.10 per share for 20 of 25 consecutive trading days; to the extent not already vested on 10/31/2013, two-thirds of these share shall vest on 10/31/2014, if the closing price of STEI's Class A Common stock equals or exceeds $8.91 per share for 20 cosecutive of 25 consecutive trading days in FY 2014; and to the extent not already vested on October 31, 2014, all shares vest on 10/31/2015 if the closing price of a share of STEI's Class A Common Stock equals or exceed $9.80 per share for 20 of 25 consecutive trading days.
- [F2]Options vest 25% per year over four years and expire 10 years from the grant date.