4//SEC Filing
Pendrell Corp 4
Accession 0001209191-13-031212
CIK 0001359555operating
Filed
Jun 6, 8:00 PM ET
Accepted
Jun 7, 5:21 PM ET
Size
11.5 KB
Accession
0001209191-13-031212
Insider Transaction Report
Form 4
Jaffe Robert S
General Counsel; Corporate Sec
Transactions
- Tax Payment
Class A Common Stock
2013-06-06$2.60/sh−5,556$14,446→ 264,757 total - Exercise/Conversion
Class A Common Stock
2013-06-06+20,313→ 270,313 total - Tax Payment
Class A Common Stock
2013-06-06$2.60/sh−20,332$52,863→ 244,425 total - Exercise/Conversion
Restricted Stock Unit Award
2013-06-06−20,313→ 20,312 totalExercise: $0.00From: 2013-06-06Exp: 2016-08-24→ Class A Common (20,313 underlying)
Footnotes (6)
- [F1]Vested restricted stock units were distributed to the Reporting Person, without payment, in shares of Class A Common Stock on a unit-for-share basis.
- [F2]Shares deemed surrendered by the Reporting Person and withheld by the Issuer to cover the tax liability due upon the vesting of a restricted stock unit award that was previously issued and reported.
- [F3]Shares deemed surrendered by the Reporting Person and withheld by the Issuer to cover the tax liability due upon the vesting of a restricted stock award.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- [F5]Converts into Class A Common Stock on a unit-for-share basis upon vesting.
- [F6]The restricted stock units vest as to (i) 50% of the award when the average closing share price of the Issuer's Class A Common Stock for any 60 consecutive calendar days, as reported on Nasdaq, is $2.00 or higher, and (ii) 50% of the award when the average closing share price of the Issuer's Class A Common Stock for any 60 consecutive calendar days, as reported on Nasdaq, is $3.00 or higher, subject to the continued employment of the Reporting Person through such dates.
Documents
Issuer
Pendrell Corp
CIK 0001359555
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0001359555
Filing Metadata
- Form type
- 4
- Filed
- Jun 6, 8:00 PM ET
- Accepted
- Jun 7, 5:21 PM ET
- Size
- 11.5 KB