Waldhier Thomas 4
4 · BORGWARNER INC · Filed Feb 9, 2011
Insider Transaction Report
Form 4
Waldhier Thomas
VP, President and GM
Transactions
- Exercise/Conversion
Common Stock
2011-02-07+6,056→ 39,911 total - Exercise/Conversion
Performance Shares
2011-02-07−6,056→ 4,544 total→ Common Stock (6,056 underlying) - Award
Common Stock
2011-02-07+3,110→ 43,021 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of BorgWarner stock. The units will vest 50% on the second anniversary of the grant date and 100% on the third anniversary of the grant date.
- [F2]Each performance share represented a contingent right to receive a share of BorgWarner common stock based upon the achievement of specified performance criteria.