Pendrell Corp 4
4 · Pendrell Corp · Filed Aug 25, 2016
Insider Transaction Report
Form 4
Salemme R. Gerard
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2016-08-24+15,625→ 994,680 total - Exercise/Conversion
Restricted Stock Unit Award
2016-08-24−15,625→ 0 totalExercise: $0.00From: 2016-08-24Exp: 2022-08-24→ Common Stock (15,625 underlying) - Tax Payment
Class A Common Stock
2016-08-24$0.71/sh−5,975$4,217→ 988,705 total
Footnotes (4)
- [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]Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- [F3]Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
- [F4]On August 24, 2012, the reporting person was granted 62,500 restricted stock units. 15,625 restricted stock units vested on August 24, 2016. The award is now fully vested.