van Ligten Darrell 4
4 · Wendy's Co · Filed Mar 26, 2012
Insider Transaction Report
Form 4
Wendy's CoWEN
van Ligten Darrell
SVP-Strategic Development
Transactions
- Exercise/Conversion
Common Stock
2011-07-16+12,500→ 25,000 total - Exercise/Conversion
Restricted Stock Units
2011-07-16−12,500→ 12,500 total→ Common Stock (12,500 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F2]The restricted stock units vest in three equal installments on the first, second and third anniversaries of the grant date. The first installment (12,500) vested on July 16, 2010. The second installment (12,500) vested on July 16, 2011. The final installment will vest on July 16, 2012, subject to continued employment with the Company on the vesting date.