INTERNATIONAL FLAVORS & FRAGRANCES INC 4
4 · INTERNATIONAL FLAVORS & FRAGRANCES INC · Filed Mar 14, 2014
Insider Transaction Report
Form 4
Vaisman Hernan
Group President, Flavors
Transactions
- Award
Common Stock
2014-03-13+4,250→ 24,487 total - Tax Payment
Common Stock
2014-03-13$55.65/sh−2,002$111,411→ 22,485 total - Award
Stock Equivalent Unit
2014-03-13$92.74/sh+12$1,113→ 6,364 total→ Common Stock (12 underlying)
Footnotes (4)
- [F1]These shares represent the 50% portion of the reporting person's payout under the 2011-2013 Long Term Incentive Plan ("LTIP") cycle settled in shares of the issuer's common stock. The number of shares was determined using the closing market price on January 3, 2011, the first trading day of the cycle.
- [F2]Shares withheld to satisfy tax withholding obligations in connection with the receipt of shares under the LTIP, determined using the closing market price on January 3, 2011.
- [F3]The Stock Units ("Units") convert to Common Stock on a one-for-one basis.
- [F4]Units under the Company's deferred compensation plan resulting from (a) deferral of compensation and Company match (in shares), (b) premium (in shares) to participants deferring compensation into Units and (c) dividends (in shares) on Units. 2 of the acquired Units are subject to vesting based on employment through December 31, 2015.