Williams John L 4
4 · DiamondRock Hospitality Co · Filed Apr 15, 2013
Insider Transaction Report
Form 4
Williams John L
DirectorPresident and COO
Transactions
- Award
Market stock units
2013-04-12+0→ 52,347 totalExercise: $0.00Exp: 2014-02-27→ Common stock (208.5 underlying) - Award
Market stock units
2013-04-12+0→ 52,347 totalExercise: $0.00Exp: 2015-02-27→ Common (243 underlying)
Footnotes (5)
- [F1]This Form 4 report relates to dividends issued on shares of common stock underlying previously issued Market Stock Units. Market Stock Units represent the right to receive shares of common stock, subject to the achievement of certain performance conditions. Market Stock Units vest 3 years after issuance and are converted into a number of shares of common stock depending on total shareholder return over the vesting period.
- [F2]No additional Market Stock Units were granted. This Form 4 reports the dividends related to the underlying common stock on Market Stock Units previously issued.
- [F3]The Market Stock Units (and the underlying common stock and dividends) do not have an Exercisable Date. The Market Stock Units vest 3 years from the date of issue and convert into a certain number of shares of common stock as discussed in Footnote 2.
- [F4]Represents the maximum number of shares that may be issued with respect to the dividends paid.
- [F5]Represents the maximum total number of shares that may be issued with respect to the aggregate number of Market Stock Units issued but not vested.