BARKLEY MICHAEL J. 4
4 · PINNACLE FOODS INC. · Filed Apr 3, 2018
Insider Transaction Report
Form 4
BARKLEY MICHAEL J.
EVP, CMO
Transactions
- Award
Performance Rights
2018-04-01+4,270→ 4,270 total→ Common Stock, par value $0.01 (4,270 underlying) - Award
Stock Option (Right to Buy)
2018-04-01+25,596→ 25,596 totalExercise: $54.10Exp: 2028-04-01→ Common Stock, par value $0.01 (25,596 underlying)
Footnotes (4)
- [F1]Represents stock options granted pursuant to the Pinnacle Foods Inc. (the "Company") Amended and Restated 2013 Omnibus Incentive Plan (the "Plan").
- [F2]The shares subject to the stock option will vest and become exercisable on April 1, 2021, subject to the reporting person's continuous employment through April 1, 2021 and subject to certain conditions as detailed in the Plan.
- [F3]Represents performance rights granted pursuant to the Plan.
- [F4]Each performance right represents a contingent right to receive one share of the Company's common stock. The vesting of the performance rights is based on the relative Total Shareholder Return ("TSR") of the Company as compared to the TSR of each of the companies in the Company's peer group over the period beginning April 1, 2018 and ending March 31, 2021. The performance rights will vest on April 1, 2021, subject to the reporting person's continuous employment through April 1, 2021 and subject to certain conditions as detailed in the Plan. Performance rights granted represent the target shares and actual performance rights earned could be anywhere from 0 to 200% of the number of performance rights granted. The performance rights expire upon payout, if any, of the award.