SWAIN SUSAN M 4
4 · TALBOTS INC · Filed Apr 21, 2010
Insider Transaction Report
Form 4
TALBOTS INCTLB
SWAIN SUSAN M
Director
Transactions
- Award
Director Stock Option (Right to Buy)
2010-04-19+1,753→ 1,753 totalExercise: $15.60Exp: 2020-04-19→ Common Stock (1,753 underlying)
Footnotes (2)
- [F1]Non-qualified stock options granted pursuant to The Talbots, Inc. Restated Directors Stock Plan, which is a shareholder-approved Rule 16b-3 plan. Under the non-employee director compensation program adopted effective April 16, 2010, each non-employee director is entitled to an annual option grant with a value of $50,000. The total value of this option award plus the option award granted to the reporting person on April 1, 2010 is $50,000.
- [F2]Options vest in one-third annual increments on April 19, 2011, April 19, 2012 and April 19, 2013.