IMPERIAL SUGAR CO /NEW/ 4
4 · IMPERIAL SUGAR CO /NEW/ · Filed Mar 18, 2009
Insider Transaction Report
Form 4
Muller George
V. P. - Administration
Transactions
- Award
Common Stock
2009-03-16+10,771→ 19,685 total
Footnotes (1)
- [F1]These restricted shares vest over three years beginning at the end of fiscal 2009 subject to the Company achieving certain performance objectives in fiscal 2009. Fifty percent of the shares would begin vesting if the Company achieves its fiscal 2009 EBITDA target. Up to 25% of the shares would begin vesting depending on the level of production the Company achieves at its Port Wentworth refinery in fiscal 2009 above a target minimum production level. The remaining 25% of the shares would begin vesting on satisfactory completion of Phase I improvement projects at the Company's Port Wentworth and Gramercy refineries by the end of fiscal 2009. Any unvested shares would be forfeited to the Company