Roe Robert D 4
4 · Vertro, Inc. · Filed Jul 6, 2011
Insider Transaction Report
Form 4
Vertro, Inc.VTRO
Roe Robert D
SVP/GM MIVA Direct
Transactions
- Award
Common Stock
2011-07-01+20,000→ 79,105 total - Award
Common Stock
2011-07-01+5,000→ 84,105 total
Footnotes (2)
- [F1]Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of Vertro, Inc. common stock. The restricted stock units vest in equal installments on January 1, 2012, January 1, 2013, January 1, 2014 and January 1, 2015; provided, however, that no restricted stock unit shall vest on such vesting date unless the reporting person has been continuously employed by Vertro, Inc. from the grant date until such vesting date.
- [F2]Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of Vertro, Inc. common stock. The restricted stock units vest on the day immediately following the tenth consecutive trading day on which the closing price of Vertro, Inc. common stock is above $4.50 (the Performance Goal).