Walker Greg A 4
4 · Foundation Coal Holdings, Inc. · Filed Jan 14, 2009
Insider Transaction Report
Form 4
Walker Greg A
Sr.VP, Gen.Counsel & Secretary
Transactions
- Award
Restricted Stock Units
2009-01-12+24,255→ 24,255 totalExercise: $0.00→ Common Stock (24,255 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Foundation Coal Holdings, Inc. common stock.
- [F2]Includes 24,255 Restricted Stock Units (11,979 Time Restricted Stock Units, 6,138 EBITDA Restricted Stock Units, and 6,138 Free Cash Flow Restricted Stock Units, granted pursuant to the Company's Amended and Restated 2004 Stock Incentive Plan with a grant date of January 12, 2009. One-third of the Time Restricted Stock Units vest on December 31, 2009 and each December 31st thereafter until such Time Restricted Stock Units are one hundred percent vested. Subject to achieving each of certain EBITDA and Free Cash Flow performance criteria, up to one-third of the EBITDA and Free Cash Flow Restricted Stock Units can be earned respectivly on each Performance Date through December 31, 2011. Contingent upon continued employment, Restricted Stock Units earned on each Performance Date vests on February 27, 2012.