4//SEC Filing
THQ INC 4
Accession 0001216816-07-000010
CIK 0000865570operating
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 2:56 PM ET
Size
21.5 KB
Accession
0001216816-07-000010
Insider Transaction Report
Form 4
THQ INCTHQI
SORENSEN JACK
Exec. V.P. - Worldwide Studios
Transactions
- Tax Payment
Common Stock
2007-05-30$33.87/sh−1,334$45,183→ 25,288 total - Sale
Common Stock
2007-05-30$33.90/sh−7,499$254,216→ 25,288 total - Exercise/Conversion
Performance Accelerated Restricted Stock Units
2007-05-30−2,916→ 11,667 totalExp: 2011-04-03→ Common Stock (2,916 underlying) - Exercise/Conversion
Common Stock
2007-05-30+2,916→ 26,622 total - Sale
Common Stock
2007-05-30$33.85/sh−10,000$338,500→ 32,787 total - Tax Payment
Common Stock
2007-05-30$33.87/sh−2,387$80,848→ 23,706 total - Sale
Common Stock
2007-05-30$33.75/sh−5,000$168,750→ 47,787 total - Exercise/Conversion
Common Stock
2007-05-30$10.88/sh+27,499$299,189→ 52,787 total - Exercise/Conversion
11/20/02 Option to Purchase Common Stock
2007-05-30−27,499→ 0 totalExercise: $10.88Exp: 2007-11-20→ Common Stock (27,499 underlying)
Footnotes (5)
- [F1]The number of shares beneficially owned have been adjusted by 1 share to reflect the results of an audit of Mr. Sorensen's share holdings in connection with past stock dividends of THQ common stock whereby partial shares were erroneously excluded from shares that Mr. Sorensen beneficially owns.
- [F2]Disposition of shares for payment of tax liability by delivering securities incident to partial vesting of performance accelerated restricted stock (PARS), which were granted on April 1, 2005.
- [F3]The performance accelerated restricted stock units (PARSUs) were issued on April 3, 2006 pursuant to the THQ Inc. Amended and Restated 1997 Stock Option Plan. The PARSUs are subject to forfeiture and generally vest five years after the grant date; however, vesting has been accelerated with respect to these PARSUs since certain company-related performance criteria was met for fiscal 2007. The PARSUs are settled, without payment, one-for-one, in shares of common stock upon vesting.
- [F4]One-third of the Option vests on each of the first, second and third anniversary of the Grant Date.
- [F5]Grant Date: 11/20/2002
Documents
Issuer
THQ INC
CIK 0000865570
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000865570
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 2:56 PM ET
- Size
- 21.5 KB