Budzinski Gary M. 4
4 · COMPUTER SCIENCES CORP · Filed May 22, 2013
Insider Transaction Report
Form 4
Budzinski Gary M.
President, GIS
Transactions
- Award
Restricted Stock Units
2013-05-20+5,480→ 5,480 totalExercise: $0.00→ Common Stock (5,480 underlying) - Award
Options (rights to buy)
2013-05-20+73,088→ 73,088 totalExercise: $44.65From: 2014-05-20Exp: 2023-05-20→ Common Stock (73,088 underlying)
Footnotes (2)
- [F1]This option is exercisable in three equal annual installments beginning May 20, 2014.
- [F2]Each vested Restricted Stock Unit (RSU) entitles the reporting person to receive one share of common stock. The RSUs fully vest at age 62, subject to the reporting person's continued employment through that date, and may vest earlier in certain other circumstances. In addition, 50% of the RSUs vest at age 55 or older with at least five years of continuous service, with an additional 10% of the RSUs vesting for each subsequent year of continuous service, subject to the reporting person's continued employment through the vesting date. Vested RSUs are released as shares of common stock at the rate of 10% of the shares granted on each of the first ten anniversaries of the reporting person's employment termination date.