4//SEC Filing
FOURNIER LAURA LAWSON 4
Accession 0001225208-12-019500
CIK 0000859014other
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 4:29 PM ET
Size
8.7 KB
Accession
0001225208-12-019500
Insider Transaction Report
Form 4
COMPUWARE CORPCPWR
FOURNIER LAURA LAWSON
ExecVP/CFO/Treasurer
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2012-09-10+77,030→ 77,030 totalExercise: $10.14From: 2015-05-31Exp: 2022-09-10→ Common stock (77,030 underlying) - Award
Restricted Stock Units
2012-09-10+31,640→ 31,640 totalFrom: 2013-09-10→ Common stock (31,640 underlying)
Footnotes (4)
- [F1]Stock options granted under the 2007 Long Term Incentive Plan, pursuant to the FY13 Executive Incentive Program, are subject to the achievement by Compuware Corporation (the "Company") of specified FY14 and FY15 performance targets for revenue and operating income. Based on the Company's actual FY14 financial results, up to 50% of shares may be earned on 5-13-2014. Based on the Company's actual FY15 financial results, up to 25% of shares may be earned on 5-13-2015. Each fiscal year, the number of shares earned will be prorated based on the degree to which the Company attained the specified performance targets. The remaining 25% of shares may be earned only upon 100% attainment of the FY15 target goals and will not be prorated. Shares not earned in the applicable fiscal year are forfeited. The earned portion of the stock options will vest on the earlier of 5-31-2015, death or disability of the option holder, or a change in control of the Company.
- [F2]1 for 1
- [F3]Granted under the 2007 Long Term Incentive Plan pursuant to the FY13 Executive Incentive Program. The units vest over four years in annual 25% increments on the anniversary date of the award or immediately upon death, disability or change in control and are payable in common stock upon vesting.
- [F4]The number of units was determined based on a percentage of salary as defined in the FY13 Executive Incentive Program divided by the closing price per share on the trading date prior to the award date.
Documents
Issuer
COMPUWARE CORP
CIK 0000859014
Entity typeother
Related Parties
1- filerCIK 0001185564
Filing Metadata
- Form type
- 4
- Filed
- Sep 11, 8:00 PM ET
- Accepted
- Sep 12, 4:29 PM ET
- Size
- 8.7 KB