TYCO INTERNATIONAL LTD /BER/ 4
4 · TYCO INTERNATIONAL LTD /BER/ · Filed Oct 3, 2007
Insider Transaction Report
Form 4
MCCALL H CARL
Director
Transactions
- Award
Deferred Stock Units
2007-10-01+2,655→ 14,734 totalExercise: $0.00→ Common Shares (2,655 underlying)
Footnotes (2)
- [F1]Conversion is 1-for-1.
- [F2]Deferred Stock Units ("DSUs") were issued under the Tyco International Ltd. (the "Company") 2004 Stock and Incentive Plan (the "Plan") at a DSU value based on the closing price of Tyco common stock on the date as of which the determination of fair market value is being made. The DSUs are immediately vested upon grant. Dividends will be credited in DSUs to the grantee's account based on the average of the high and the low sale price of Tyco common stock on the dividend date. Distribution under the Plan will first occur upon (i) 30 days following termination of the grantee's service as a member of the Board of Directors of the Company (except in the event of Termination for Cause), or (ii) a Change in Control. Upon such date of termination or Change in Control, as the case may be, the Company shall issue to the grantee the number of shares of Tyco common stock equal to the aggregate number of vested DSUs credited to the grantee.