4//SEC Filing
Rinn David H. 4
Accession 0001209191-13-017238
CIK 0001359555other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 5:00 PM ET
Size
13.8 KB
Accession
0001209191-13-017238
Insider Transaction Report
Form 4
Rinn David H.
VP and Chief Financial Officer
Transactions
- Award
Restricted Stock Unit Award
2013-03-15+150,000→ 150,000 totalExercise: $0.00From: 2014-03-15Exp: 2018-03-15→ Common Stock (150,000 underlying) - Award
Employee Stock Option (Right to Buy)
2013-03-15+600,000→ 600,000 totalExercise: $1.54From: 2014-03-15Exp: 2023-03-15→ Common Stock (600,000 underlying) - Award
Restricted Stock Unit Award
2013-03-15+200,000→ 200,000 totalExercise: $0.00From: 2014-03-15Exp: 2023-03-15→ Common Stock (200,000 underlying) - Award
Restricted Stock Unit Award
2013-03-15+150,000→ 150,000 totalExercise: $0.00From: 2014-03-15Exp: 2018-03-15→ Common Stock (150,000 underlying)
Footnotes (4)
- [F1]25% of the award is scheduled to vest on each of March 15, 2014, March 15, 2015, March 15, 2016 and March 15, 2017.
- [F2]Converts into Common Stock on a unit-for-share basis upon vesting.
- [F3]25% of the award will vest when both of the following have occurred: (i) the average closing price of the issuer's Class A common stock, measured over a 20-day trading period, has reached or exceeded $3.00 per share (the "Initial Price Target"), and (ii) an anniversary of March 15, 2013 (the "Anniversary Date") has occurred. An additional 25% of the award will vest when both the Initial Price Target and a subsequent Anniversary Date have occurred, such that all restricted stock units will be vested after both the Initial Price Target and the fourth Anniversary Date have occurred. If the Initial Price Target is not achieved by March 15, 2018, then none of the restricted stock units will vest.
- [F4]25% of the award will vest when both of the following have occurred: (i) the average closing price of the issuer's Class A common stock, measured over a 20-day trading period, has reached or exceeded $6.00 per share (the "Initial Price Target"), and (ii) an anniversary of March 15, 2013 (the "Anniversary Date") has occurred. An additional 25% of the award will vest when both the Initial Price Target and a subsequent Anniversary Date have occurred, such that all restricted stock units will be vested after both the Initial Price Target and the fourth Anniversary Date have occurred. If the Initial Price Target is not achieved by March 15, 2018, then none of the restricted stock units will vest.
Documents
Issuer
Pendrell Corp
CIK 0001359555
Entity typeother
Related Parties
1- filerCIK 0001472934
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 5:00 PM ET
- Size
- 13.8 KB