Sanderson John G 4
4 · BORGWARNER INC · Filed Feb 8, 2012
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2012-02-07+37,560→ 82,356 total - Award
Common Stock
2012-02-07+5,515→ 87,871 total - Exercise/Conversion
Performance Shares
2012-02-07−37,560→ 19,330 total→ Common Stock (37,560 underlying)
Footnotes (2)
- [F1]Each performance share represented a contingent right to receive a share of BorgWarner common stock based upon the achievement of specified performance criteria.
- [F2]The shares will vest 50% on the second anniversary of the grant date and 100% on the third anniversary of the grant date.