4/A//SEC Filing
OFFICE DEPOT INC 4/A
Accession 0001225208-13-019958
$ODPCIK 0000800240operating
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 4:56 PM ET
Size
6.3 KB
Accession
0001225208-13-019958
Insider Transaction Report
Form 4/AAmended
MASSEY MICHAEL J
Director
Transactions
- Award
Restricted Stock Unit
2013-09-09+3,241→ 24,325 total→ Common Stock (3,241 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (an "RSU") represents a contingent right to receive one share of common stock. On September 11, 2013, a Form 4 reporting a grant of 3,241 shares of common stock was erroneously reported, as the reporting person has elected to take all equity grants of the Issuer in the form of RSUs. The common stock underlying such RSUs will be distributed to the reporting person after his services on the Board ends (see Footnote (2) below). On September 9, 2013, the Issuer's Board appointed the reporting person as the Chair of the Compensation Committee. As such, this grant was awarded to the reporting person as compensation for this service.
- [F2]Vested shares will be distributed to the reporting person 6 months after the effective date of resignation from the Board of Directors. As of the grant date, 25% of the RSUs vest immediately; and 75% of the RSUs 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.
Documents
Issuer
OFFICE DEPOT INC
CIK 0000800240
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000800240
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 4:56 PM ET
- Size
- 6.3 KB