OFFICE DEPOT INC 4
4 · OFFICE DEPOT INC · Filed Sep 11, 2013
Insider Transaction Report
Form 4
MASSEY MICHAEL J
Director
Transactions
- Award
Common Stock
2013-09-09+3,241→ 3,241 total
Footnotes (1)
- [F1]Represents the number of shares of the Issuer's common stock issued to the Reporting Person as compensaton for service as Chair of the Compensation Committee of the Issuer's Board of Directors, of which 25% vest immediately on the grant date; and 75% will vest in full, if applicable, upon the earlier of: (1) the closing date of Issuer's merger with OfficeMax if the Reporting Person is appointed to the board after the merger (the "NewCo Board"), (2) the termination of Issuer's merger agreement with OfficeMax, or (3) the date of the 2014 Annual Shareholder Meeting for Office Depot. If the merger with OfficeMax closes and the Reporting Person is not appointed to NewCo's Board, then the Reporting Person will immediately forfeit this portion of the equity award.