POLSON JACK E 4
4 · PSYCHIATRIC SOLUTIONS INC · Filed Mar 1, 2010
Insider Transaction Report
Form 4
POLSON JACK E
EVP, Chief Accounting Officer
Transactions
- Award
Common Stock
2010-02-26+60,000→ 160,208 total - Award
Common Stock
2010-02-26+30,000→ 190,208 total - Tax Payment
Common Stock
2010-02-25$21.00/sh−1,984$41,664→ 100,208 total - Award
Option (Right to Buy)
2010-02-26+81,000→ 81,000 totalExercise: $21.00Exp: 2020-02-26→ Common Stock (81,000 underlying)
Footnotes (4)
- [F1]Withholding of shares to pay tax liability resulting from vesting of restricted stock issued in accordance with Rule 16b-3.
- [F2]The restricted stock was granted in accordance with the Amended 2009 Long-Term Equity Compensation Plan and vests in four equal annual installments beginning on the first anniversary of the date of grant.
- [F3]The restricted stock was granted in accordance with the 2010 Long-Term Equity Compensation Plan and vests in four equal annual installments beginning on the first anniversary of the date of grant provided that the Issuer's adjusted earnings per share ("EPS") for its 2010 fiscal year (the "Current Year EPS") exceeds the Issuer's budgeted EPS for its 2010 fiscal year. If the Issuer's Current Year EPS does not exceed the Issuer's budgeted EPS for its 2010 fiscal year, this restricted stock shall be forfeited.
- [F4]The options become exercisable in four equal annual installments beginning on the first anniversary of the date of grant.