KAJITA TSUTOMU 4
4 · TALBOTS INC · Filed Apr 1, 2010
Insider Transaction Report
Form 4
TALBOTS INCTLB
KAJITA TSUTOMU
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2010-04-01+4,000→ 4,000 total - Award
Director Stock Option (Right to Buy)
2010-04-01+3,000→ 3,000 totalExercise: $13.58Exp: 2020-04-01→ Common Stock (3,000 underlying)
Holdings
- 4,000
Common Stock, par value $0.01 per share
- 5,000
Common Stock, par value $0.01 per share
- 4,000
Common Stock, par value $0.01 per share
- 4,000
Common Stock, par value $0.01 per share
- 4,000
Common Stock, par value $0.01 per share
Footnotes (7)
- [F1]This annual grant is part of the regular director compensation program under which an annual grant of 3,000 stock options and 4,000 restricted stock units ("RSUs") is made on April 1 to each non-management director. These awards are granted pursuant to The Talbots, Inc. Restated Directors Stock Plan, which is a Rule 16b-3 plan.
- [F2]RSUs vest 12 months following the award date, subject to continued Board service, and also subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan.
- [F3]RSUs granted pursuant to the Restated Directors Stock Plan which vested as of April 1, 2010, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan.
- [F4]RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 2, 2009, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan.
- [F5]RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 1, 2008, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan.
- [F6]RSUs granted pursuant to the Restated Directors Stock Plan which vested as of June 1, 2007, subject to certain mandatory and voluntary deferral of the receipt of shares in accordance with the terms of the plan.
- [F7]Non-qualified stock options vest in one-third annual increments on April 1, 2011, April 1, 2012 and April 1, 2013.