Fromont Bruno 4
4 · Intelsat S.A. · Filed May 27, 2020
Insider Transaction Report
Form 4
Intelsat S.A.INTEQ
Fromont Bruno
SVP, Strategy and Planning
Transactions
- Disposition to Issuer
Restricted Share Units
2020-04-30−12,000→ 0 total→ Common shares (12,000 underlying)
Holdings
- 4,112
Restricted Share Units
→ Common shares (4,112 underlying) - 7,000
Restricted Share Units
→ Common shares (7,000 underlying) - 5,000
Options (Right to Buy)
Exercise: $3.77→ Common shares (5,000 underlying) - 53,017
Common Shares
- 4,000
Restricted Share Units
→ Common shares (4,000 underlying) - 16,668
Restricted Share Units
→ Common shares (16,668 underlying) - 20,000
Options (Right to Buy)
Exercise: $3.77→ Common shares (20,000 underlying)
Footnotes (7)
- [F1]Each restricted share unit ("RSU") represents a contingent right to receive one Common Share.
- [F2]On April 30, 2020 the RSUs granted on March 1, 2020 were cancelled. In exchange, the reporting person received a new performance-based incentive arrangement providing for the payment in cash of up to 82% of the grant date value of the RSUs, portions of which are to be received based upon achievement of objective performance criteria to be established by the Company's Compensation Committee.
- [F3]The RSUs will vest on September 30, 2020.
- [F4]The RSUs will vest on October 1, 2020.
- [F5]The RSUs will vest on March 1, 2021.
- [F6]The RSUs vest in two equal annual installments, beginning March 1, 2021.
- [F7]The options are fully vested and exercisable.