4//SEC Filing
POLKINGHORN PHILIP K 4
Accession 0001225208-09-009306
CIK 0001129633other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 4:49 PM ET
Size
17.9 KB
Accession
0001225208-09-009306
Insider Transaction Report
Form 4
POLKINGHORN PHILIP K
Senior EVP
Transactions
- Purchase
Common
2009-03-31$1.17/sh+100$117→ 148,897.475 total - Purchase
Common
2009-03-31$1.17/sh+29,900$34,983→ 148,797.475 total
Holdings
- 57,978
Stock Option (Right to Buy)
Exercise: $12.27Exp: 2014-03-08→ Common (57,978 underlying) - 9,056.276
Restricted Stock Units (030508)
→ Common (9,056.276 underlying) - 53,869.191
Restricted Stock Units
→ Common (53,869.191 underlying) - 52,180
Stock Option (Right to Buy)
Exercise: $12.51Exp: 2016-02-02→ Common (52,180 underlying) - 1,390.179(indirect: By 401(k))
Common
- 78,512
Stock Option (Right to Buy)
Exercise: $9.84Exp: 2018-02-13→ Common (78,512 underlying) - 31,404.755
Restricted Stock Units (021308)
→ Common (31,404.755 underlying)
Footnotes (7)
- [F1]This transaction was undertaken in accordance with a Rule 10b5-1 Plan previously adopted by the Reporting Person.
- [F2]Represents the Reporting Person's pro rata portion of the stock held in the PNX Common Stock Fund as of the date of the event requiring statement pursuant to the Phoenix Savings and Investment Plan. This information is based on information provided by the Plan Trustee as of that date.
- [F3]Pursuant to the terms of Mr. Polkinghorn's employment, he received the reported restricted stock units ("RSUs"), each representing one share of stock. The RSUs vest on the earlier of (a) February 8, 2010 or (b) a change in control and a termination of Mr. Polkinghorn's employment other than for cause. In the event the RSUs vest, the underlying shares of common stock will immediately become deliverable, without consideration. Additionally, pro rata vesting would apply in the event of death, disability or approved retirement. Thereafter, the terms of Mr. Polkinghorn's employment will require him to retain a fixed percentage of the shares in accordance with the ownership levels applicable to him under the Company's stock ownership and retention guidelines.
- [F4]The Restricted Stock Units ("RSUs") represent a portion of the Reporting Person's 2008 long-term incentive award, and each RSU represents one share of stock. The RSUs vest on the earlier of (a) February 13, 2011 or (b) a change of control and a termination of the Reporting Person's employment other than for cause. In the event the RSUs vest, the underlying shares of stock will immediately become deliverable, without consideration. Thereafter, the terms of the Reporting Person's employment will require the Reporting Person to retain a fixed percentage of the shares in accordance with the ownership levels applicable to the Reporting Person under the Company's stock ownership and retention guidelines. Additionally, pro rata vesting would apply in the event of involuntary termination other than for cause or termination due to death, disability or approved retirement.
- [F5]The Restricted Stock Units ("RSUs") represent the unvested portion of the Reporting Person's 2007 annual incentive award, and each RSU represents one share of stock. The RSUs vest on the earlier of (a) two approximately equal installments on March 5, 2009 and March 5, 2010, respectively or (b) (1) a change in control and (2) a termination of the Reporting Person's employment by the Reporting Person for good reason or by the Company other than for cause. In the event the RSUs vest, the underlying shares of stock will immediately become deliverable, without consideration. Thereafter, the terms of the Reporting Person's employment will require the Reporting Person to retain a fixed percentage of the shares in accordance with the ownership levels applicable under the Company's stock ownership and retention guidelines. Additionally, pro rata vesting would apply in the event of involuntary termination other than for cause or termination due to death, disability or approved retirement.
- [F6]The options vested in approximately three equal installments on each of the first three anniversaries of the grant.
- [F7]The options vest in approximately three equal installments on each of the first three anniversaries of the grant.
Documents
Issuer
PHOENIX COMPANIES INC/DE
CIK 0001129633
Entity typeother
Related Parties
1- filerCIK 0001283029
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 4:49 PM ET
- Size
- 17.9 KB