SUNGARD CAPITAL CORP II 4
4 · SUNGARD CAPITAL CORP II · Filed Jun 3, 2015
Insider Transaction Report
Form 4
Breakiron Christopher P
VP & Chief Accounting Officer
Transactions
- Award
Performance-Based Restricted Stock Unit
2015-06-01+8,347→ 8,347 totalExercise: $0.00→ Units (8,347 underlying) - Award
Time-Based Restricted Stock Unit
2015-06-01+4,173→ 4,173 totalExercise: $0.00→ Units (4,173 underlying)
Footnotes (3)
- [F1]Time-Based Restricted Stock Units ("RSUs") vest over three years with one-third vesting on each of the first three anniversaries of the date of grant. The Reporting Person's vested RSUs are paid in shares upon vesting.
- [F2]Each "Unit" consists of 1.3 shares of Class A-8 common stock and 0.1444 shares of Class L common stock of SunGard Capital Corp. and 0.038 shares of preferred stock of SunGard Capital Corp. II.
- [F3]Performance-Based RSUs vest up to 200% of the amount granted if the value of shares on June 1, 2018 meets specified stock price thresholds and if the Reporting Person remains employed through June 1, 2018. The Reporting Person's vested RSUs are paid in shares upon the first to occur of (i) the Reporting Person's termination of employment as a result of death, (ii) the Reporting Person's separation from service without cause upon or following a change of control or (iii) the date that is three years after the date of grant.