Donnelly Trish 4
4 · URBAN OUTFITTERS INC · Filed Mar 4, 2019
Insider Transaction Report
Form 4
Donnelly Trish
Urban Outfitters NA Brand Pres
Transactions
- Exercise/Conversion
Common Shares
2019-02-28+13,333→ 23,628 total - Tax Payment
Common Shares
2019-02-28$30.85/sh−4,189$129,231→ 19,439 total - Exercise/Conversion
Performance Based Restricted Stock Unti
2019-02-28−13,333→ 26,667 total→ Common Shares (13,333 underlying)
Footnotes (2)
- [F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
- [F2]One-third of the total number of PSUs are eligible to vest on each of February 28, 2019, 2020 and 2021, 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 2018, 2019, 2020 and 2021; provided, however, that on the three vesting dates, the number of PSUs that vest is 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.