Zendan Michael F II 4
4 · Horizon Lines, Inc. · Filed Dec 28, 2012
Insider Transaction Report
Form 4
Zendan Michael F II
SVP, General Counsel
Transactions
- Award
Restricted Stock Unit
2012-12-26+241,667→ 616,667 total→ Common Stock, par value (241,667 underlying)
Footnotes (2)
- [F1]Each restricted stock unit entitles the executive 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 72,500 restricted stock units will vest on March 31, 2014 and up to 48,334 will vest on March 31, 2015 if certain performance conditions are met by the issuer on those dates; and 72,500 restricted stock units will vest on March 31, 2014 and 48,333 will vest on March 31, 2015, based solely on continued employment by the executive on those dates.