Hollinger Calvin 4
4 · URBAN OUTFITTERS INC · Filed Feb 27, 2019
Insider Transaction Report
Form 4
Hollinger Calvin
Chief Administrative Officer
Transactions
- Exercise/Conversion
Common Shares
2019-02-25+25,000→ 25,000 total - Tax Payment
Common Shares
2019-02-25$30.31/sh−7,766$235,387→ 17,234 total - Exercise/Conversion
Performance Based Restricted Stock Unti
2019-02-25−25,000→ 0 total→ Common Shares (25,000 underlying) - Award
Performance Based Restricted Stock Unit
2019-02-26+30,000→ 30,000 total→ Common Shares (30,000 underlying)
Footnotes (3)
- [F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
- [F2]One half of the total number of PSUs were eligible to vest on each of February 23, 2018 and 2019, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2017, 2018 and 2019; provided, however, that on the two vesting dates, the number of PSUs that vest was limited to the number of PSUs multiplied by three times the fair market value ("FMV") of the issuer's common shares on the grant date, divided by the FMV of the issuer's common shares on the day before the applicable vesting date. This limitation caps the number of shares that may be registered under the award at three times the FMV of the award on the grant date.
- [F3]One-third of the total number of PSUs are eligible to vest on each of February 26, 2021, 2022 and 2023, contingent on the continued employment of the reporting person through such date and the satisfaction of certain performance measures relating to the issuer's average operating profit margin for the fiscal years 2020, 2021, 2022 and 2023.