WEST CORP 4
4 · WEST CORP · Filed Jun 17, 2016
Insider Transaction Report
Form 4
WEST CORPWSTC
BERGER NANCEE R
President and COO
Transactions
- Award
Restricted Stock Units
2016-05-01$21.43/sh+437.757$9,381→ 120,437.757 total→ Common Stock (437.757 underlying) - Award
Restricted Stock Units
2016-06-15$20.87/sh+274.245$5,723→ 120,712.002 total→ Common Stock (274.245 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a right to receive one share of West common stock granted under the terms of the West Corporation Amended and Restated 2013 Long-Term Incentive Plan ("LTIP") and is subject to a deferral election under the West Corporation Stock Deferral Plan. Prior to vesting, the applicable restricted stock units are subject to forfeiture in accordance with the terms of the LTIP and the restricted stock unit agreement associated with such units.
- [F2]These restricted stock units represent additional units credited to the filing person's deferral account as dividend equivalents earned on the stock units which have vested on the transaction date, net of applicable tax withholding. In accordance with the terms of the Issuer's Stock Deferral Plan, these stock units become payable through the issuance of shares of the Issuer's Common Stock on the date specified by the filing person, or, if earlier, six months after the date the filing person separates from service with the Issuer or the date of death of the filing person.
- [F3]Due to clerical error, these restricted stock units were not credited on May 26, 2016, the dividend payment date. Transaction date reflects the date the clerical error was rectified.
- [F4]These restricted stock units represent additional units credited to the filing person's deferral account as dividend equivalents earned on the stock units vested as of the applicable record date. In accordance with the terms of the Issuer's Stock Deferral Plan, these stock units become payable through the issuance of shares of the Issuer's Common Stock on the date specified by the filing person, or, if earlier, six months after the date the filing person separates from service with the Issuer or the date of death of the filing person.
- [F5]Price reflects closing price for Issuer's Common Stock on the payment date for the dividend associated with the dividend equivalent payment.