Pendrell Corp 4
4 · Pendrell Corp · Filed Mar 18, 2014
Insider Transaction Report
Form 4
Rinn David H.
VP and Chief Financial Officer
Transactions
- Tax Payment
Class A Common Stock
2014-03-15$1.68/sh−13,367$22,457→ 36,633 total - Exercise/Conversion
Restricted Stock Unit Award
2014-03-15−50,000→ 150,000 totalExercise: $0.00From: 2014-03-15Exp: 2023-03-15→ Class A Common Stock (50,000 underlying) - Exercise/Conversion
Class A Common Stock
2014-03-15+50,000→ 50,000 total
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive, at settlement, one share of Class A common stock. This transaction represents the settlement of restricted stock units in shares of Class A common stock on the scheduled vesting date.
- [F2]Shares withheld by the Issuer to satisfy the minimum statutory tax withholding requirements upon the vesting of restricted stock units. No shares were sold.
- [F3]25% of the award vests on each of March 15, 2014, March 15, 2015, March 15, 2016 and March 15, 2017, assuming continued employment through the applicable vesting date.