SULLIVAN TRUDY F 4
4 · TALBOTS INC · Filed Apr 5, 2011
Insider Transaction Report
Form 4
TALBOTS INCTLB
SULLIVAN TRUDY F
DirectorPresident & CEO
Transactions
- Award
Common Stock, par value $0.01 per share
2011-04-04+110,237→ 567,313 total - Award
Executive Stock Options (Right to Buy)
2011-04-04+236,032→ 236,032 totalExercise: $5.83Exp: 2021-04-04→ Common Stock (236,032 underlying)
Footnotes (2)
- [F1]Restricted Stock granted pursuant to The Talbots, Inc. 2003 Executive Stock Based Incentive Plan, as amended, which is a Rule 16b-3 plan (the "Plan"). Of these shares, one-third will vest on April 4, 2012; one-third will vest on April 4, 2013; and one-third will vest on April 4, 2014.
- [F2]Granted as non-qualified options pursuant to the Plan. Options are exercisable in one-third increments on April 4, 2012, April 4, 2013, and April 4, 2014.