GLOBE SPECIALTY METALS INC 4
4 · GLOBE SPECIALTY METALS INC · Filed Mar 2, 2015
Insider Transaction Report
Form 4
Lavin Franklin
Director
Transactions
- Award
Stock Appreciation Right
2015-02-27+2,303→ 2,303 totalExercise: $16.70Exp: 2020-02-27→ Common Stock (2,303 underlying) - Award
Restricted Stock Unit
2015-02-27+1,078→ 1,078 totalExercise: $0.00From: 2016-02-27Exp: 2016-02-27→ Common Stock (1,078 underlying)
Footnotes (3)
- [F1]Each stock appreciation right represents the right to receive cash on the exercise date (subject to acceleration in certain circumstances) in an amount equal to the difference obtained by subtracting the exercise price from the fair market value of one share of the company's common stock, $0.0001 par value, as of the date of exercise of the subject stock appreciation right.
- [F2]The stock appreciation rights vest and become exercisable in thirds on the first, second, and third anniversary of the grant date (subject to acceleration in certain circumstances).
- [F3]Each restricted stock unit represents the right to receive cash five business days after February 27, 2016 (subject to acceleration in certain circumstances) in an amount equal to the fair market value of one share of the company's common stock, $0.0001 par value, as of the date of vesting of the subject restricted stock unit.