SWAIN SUSAN M 4
4 · TALBOTS INC · Filed Apr 5, 2011
Insider Transaction Report
Form 4
TALBOTS INCTLB
SWAIN SUSAN M
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2011-04-01+8,361→ 36,361 total - Award
Director Stock Option (Right to Buy)
2011-04-01+11,600→ 11,600 totalExercise: $5.98Exp: 2021-04-01→ Common Stock (11,600 underlying)
Footnotes (2)
- [F1]Restricted Stock Units ("RSUs") granted pursuant to The Talbots, Inc. Restated Directors Stock Plan, which is a shareholder-approved Rule 16b-3 plan (the "Plan"). These 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.
- [F2]Non-qualified stock options granted pursuant to the Plan, which vest in one-third annual increments on April 1, 2012, April 1, 2013 and April 1, 2014.