WEST CORP 4
4 · WEST CORP · Filed Mar 28, 2017
Insider Transaction Report
Form 4
WEST CORPWSTC
BERGER NANCEE R
President and COO
Transactions
- Award
Performance-based Restricted Stock Units
2017-03-24+27,810→ 57,810 total→ Common Stock (27,810 underlying) - Award
Restricted Stock Units
2017-03-24+18,540→ 140,032.673 total→ Common Stock (18,540 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of West common stock. The restricted stock units vest in four equal annual installments on March 1, 2018, March 1, 2019, March 1, 2020 and March 1, 2021, respectively. Except to the extent deferred, vested shares will be delivered to the reporting person on the applicable vesting date.
- [F2]Performance-based restricted stock units granted under the terms of the West Corporation 2013 Amended and Restated Long-Term Incentive Plan. Each restricted stock unit represents a contingent right to receive between zero and 1.75 shares of West common stock. Under the terms of the restricted stock unit grant, the restricted stock unit is subject to vesting based on the specified performance measure (total shareholder return) during the 3-year period beginning on March 1, 2017 and ending on February 29, 2020. Except to the extent deferred, shares of West common stock will be delivered to the reporting person following the vesting date based on the specified performance measure.