URS CORP /NEW/ 4
4 · URS CORP /NEW/ · Filed Mar 28, 2014
Insider Transaction Report
Form 4
MASTERS JOSEPH
VP, General Counsel, Secretary
Transactions
- Award
Common Stock
2014-03-27+10,000→ 88,754 total - Disposition to Issuer
Common Stock
2014-03-27−7,250→ 81,504 total - Award
Perfomance-Based Restricted Stock Units
2014-03-27+10,000→ 10,000 totalExercise: $0.00Exp: 2017-05-01→ Common Stock (10,000 underlying)
Footnotes (3)
- [F1]Awarded pursuant to the Company's 2008 Equity Incentive Plan. Consists of one restricted stock unit award of 10,000 shares that provides for time-based vesting ratably over three years on May 1, 2015, May 1, 2016, and May 1, 2017.
- [F2]Represents cancellation of restricted stock award shares whose vesting was based on financial performance, due to failure to achieve the required 2013 fiscal year performance metric.
- [F3]The number of shares subject to this award is 10,000 shares (the "target amount"), subject to performance-based vesting, on May 1, 2017. Vesting is conditioned on the satisfaction of performance conditions related to the Company's net income, return on invested capital, and relative total shareholder return goals. The number of performance-based shares that actually vest can range from 0% to 200% of this target amount.