NCR CORP 4
4 · NCR CORP · Filed Feb 26, 2016
Insider Transaction Report
Form 4
NCR CORPNCR
Bayer Michael B
SVP & Pres, Retail Solns Div
Transactions
- Award
Common Stock
2016-02-24$23.38/sh+8,554$199,993→ 39,833 total - Award
Restricted Stock Units
2016-02-24+107,167→ 107,167 total→ Common Stock (107,167 underlying)
Footnotes (2)
- [F1]These are time-based restricted stock units granted February 24, 2016 that will vest ratably with one-third of such units vesting on each of the first, second and third anniversaries of the grant date (each a "Vesting Date") subject to the reporting person's continued employment with the issuer on the applicable Vesting Date and in accordance with the terms and conditions of the applicable award agreement.
- [F2]These are price-contingent restricted stock units, 50% of which may be earned if the issuer's common stock price closes at or above $35 per share for any twenty consecutive trading days during the five-year period after the grant date, and the remaining 50% of which may be earned if such price closes at or above $40 per share for any twenty consecutive trading days during such five-year period. Vesting of earned units is also conditioned on continued service with the issuer through at least the third anniversary of the grant date ($35 goal) and fourth anniversary of the grant date ($40 goal) to the extent required in the applicable award agreements.