Monotype Imaging Holdings Inc. 4/A
4/A · Monotype Imaging Holdings Inc. · Filed Dec 16, 2015
Insider Transaction Report
Form 4/AAmended
Shaw Douglas J
DirectorPresident, CEO and Director
Transactions
- Award
Stock Option - right to buy
2015-03-12+5,812→ 5,812 totalExercise: $32.96Exp: 2025-03-12→ Common Stock (5,812 underlying) - Award
Common Stock
2015-03-12+12,141→ 147,899 total - Award
Restricted Stock Units
2015-03-12+13,667→ 13,667 totalExercise: $0.00→ Common Stock (13,667 underlying)
Footnotes (3)
- [F1]Shares acquired pursuant to a restricted stock grant where 100% of such shares vest on the first anniversary of the grant date.
- [F2]The reporting person was granted an option to purchase these shares on 3/12/2015. 100% of this option will vest on 3/12/2016.
- [F3]Represents contingent right to receive 1 share of Common Stock per RSU. Vesting depends on Company achievement of performance-based targets for years ended Dec. 31, 2015, 2016 & 2017 ("Year 1 Target", "Year 2 Target", "Year 3 Target"). Vesting date is the anniversary of the grant date each year (each a "Vesting Date".) 1/3 of the total grant is eligible to vest upon attainment of each year's performance targets, however Year 1 Target is comprised of two targets each worth 1/6 of the total grant, with each portion eligible to vest independently. Except 1/6 of the Year 1 Target which must be attained in year 1 or forfeited, if the Company doesn't achieve the 2nd portion of the Year 1 Target but achieves the Year 2 Target, the eligible RSU's of both year's targets vest on the Vesting Date. If the Company doesn't achieve the 2nd portion of the 1 Target or Year 2 Target, but achieves the Year 3 Target, all eligible RSUs vest on the Vesting Date. If no Targets are achieved, all RSUs forfeit.