4//SEC Filing
WEST CORP 4
Accession 0001209191-16-140138
CIK 0001024657operating
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 5:06 PM ET
Size
9.5 KB
Accession
0001209191-16-140138
Insider Transaction Report
Form 4
WEST CORPWSTC
BERGER NANCEE R
President and COO
Transactions
- Award
Stock Units
2015-11-13$24.99/sh+1,625.726$40,627→ 282,581.624 total→ Common Stock (1,625.726 underlying) - Award
Restricted Stock Units
2016-09-01$23.34/sh+247.866$5,785→ 120,959.87 total→ Common Stock (247.866 underlying)
Footnotes (3)
- [F1]These stock units were granted under the Issuer's Nonqualified Deferred Compensation Plan (the "Plan") and represent notional equity interests in the Issuer credited to the filing person's deferred compensation account. Each stock unit is the economic equivalent of one share of the Issuer's Common Stock. The Issuer matches 50% of any amounts invested in stock units, subject to vesting as set forth in the Plan. These stock units become payable, through the issuance of shares of the Issuer's Common Stock (or the cash equivalent thereof), on the date specified by the filing person, which can be no earlier than five years following the year of deferral associated with such stock units 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.
- [F2]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. 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.
- [F3]Price reflects closing price for Issuer's Common Stock on the payment date for the dividend associated with the dividend equivalent payment.
Documents
Issuer
WEST CORP
CIK 0001024657
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001024657
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 5:06 PM ET
- Size
- 9.5 KB