Pendrell Corp 4
4 · Pendrell Corp · Filed Sep 17, 2015
Insider Transaction Report
Form 4
EDNIE STEVE
VP and Chief Financial Officer
Transactions
- Tax Payment
Class A Common Stock
2015-09-15$1.37/sh−17,094$23,419→ 45,406 total - Exercise/Conversion
Class A Common Stock
2015-09-15+62,500→ 62,500 total - Exercise/Conversion
Restricted Stock Unit Award
2015-09-15−62,500→ 187,500 totalExercise: $0.00From: 2015-09-15Exp: 2024-09-15→ Common Stock (62,500 underlying)
Footnotes (5)
- [F1]Vested restricted stock units were distributed to the Reporting Person, without payment, in shares of Class A Common Stock on a unit-for-share basis on the vesting date.
- [F2]Shares deemed surrendered by the Reporting Person and withheld by the Issuer in payment of the tax liability resulting from the vesting of restricted stock units.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- [F4]Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
- [F5]25% of the award vests on each of September 15, 2015, September 15, 2016, September 15, 2017 and September 15, 2018.