Pendrell Corp 4
4 · Pendrell Corp · Filed Sep 16, 2016
Insider Transaction Report
Form 4
EDNIE STEVE
VP and Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2016-09-15+62,500→ 109,656 total - Tax Payment
Class A Common Stock
2016-09-15$0.67/sh−17,094$11,453→ 92,562 total - Exercise/Conversion
Restricted Stock Unit Award
2016-09-15−62,500→ 125,000 totalExercise: $0.00From: 2015-09-15Exp: 2024-09-15→ Common Stock (62,500 underlying)
Footnotes (5)
- [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]Shares deemed surrendered by the Reporting Person and withheld by the Issuer in payment of the tax liability resulting from the vesting of restricted stock units.
- [F3]Each restricted stock unit represents a contingent right to receive one share of Pendrell Corporation Class A Common Stock.
- [F4]Converts into Class A Common Stock on a unit-for-share basis on the vesting date.
- [F5]On September 15, 2014, the Reporting Person was granted 250,000 restricted stock units. 62,500 restricted stock units vested on each of September 15, 2015 and September 15, 2016. If the Reporting Person remains engaged, 62,500 restricted stock units will vest on each of September 15, 2017 and September 15, 2018.