VIRTUS INVESTMENT PARTNERS, INC. 4
4 · VIRTUS INVESTMENT PARTNERS, INC. · Filed Mar 18, 2014
Insider Transaction Report
Form 4
CERUTTI JEFFREY
EVP, Head Retail Distribution
Transactions
- Award
Common Stock
2014-03-14+2,045→ 28,065 total - Tax Payment
Common Stock
2014-03-14$175.62/sh−8,225$1,444,475→ 19,840 total
Footnotes (3)
- [F1]These shares comprise an award of restricted stock units ("RSUs") granted to the reporting person pursuant to the Company's 2013 Long Term Incentive Plan. Subject to acceleration in certain circumstances, the RSUs are scheduled to cliff vest on March 15, 2016 and will be settled for shares of common stock on a one-for-one basis upon vesting.
- [F2]Exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of a RSU award.
- [F3]This number includes (i) 6,034 RSUs that are scheduled to cliff vest on March 15, 2015 and (ii) 2,045 RSUs that are scheduled to cliff vest on March 15, 2016. RSUs will be settled for shares of common stock on a one-for-one basis upon vesting.