LIFE TIME FITNESS, INC. 4
4 · LIFE TIME FITNESS, INC. · Filed Feb 28, 2014
Insider Transaction Report
Form 4
Hugo John M
VP and Corp Controller
Transactions
- Award
Common Stock
2014-02-26+2,000→ 22,093.13 total - Award
Common Stock
2014-02-26+1,600→ 23,693.13 total - Disposition to Issuer
Common Stock
2014-02-28−500→ 23,250.591 total
Footnotes (4)
- [F1]Grant of restricted stock that will vest in 25% increments on each of 3/1/15, 3/1/16, 3/1/17 and 3/1/18, subject to accelerated vesting in certain circumstances.
- [F2]Grant of performance-based restricted stock that will vest in 25% increments on each of 3/1/15, 3/1/16, 3/1/17 and 3/1/18 only if all of the following performance metrics are satisfied: (i) the Company's total revenues for fiscal 2014 equals or exceeds $1,326,495,000; and (ii) the Company's EBITDA for fiscal 2014 equals or exceeds $379,495,000. Such amounts represent a 10% revenue growth and 10% EBITDA growth for 2014.
- [F3]Reflects the forfeiture of 25% of restricted shares granted in February 2013 based on company's actual EBT performance as compared to budgeted EBT for 2013.
- [F4]Includes 35.461 shares acquired under the employee stock purchase plan since the reporting person's last report. Also includes 22 shares acquired under the employee purchase plan that were previously unreported.