COMPUWARE CORP 4
4 · COMPUWARE CORP · Filed Dec 16, 2014
Insider Transaction Report
Form 4
COMPUWARE CORPCPWR
SCHUCKENBROCK STEPHEN FRANCIS
Director
Transactions
- Disposition to Issuer
Dividend Equivalent Rights
2014-12-15$10.39/sh−238.565$2,479→ 0 total→ Common stock (238.565 underlying) - Disposition to Issuer
Restricted Stock Units
2014-12-15$10.39/sh−19,047$197,883→ 0 totalFrom: 2014-12-11→ Common stock (19,047 underlying)
Footnotes (4)
- [F1]Each dividend equivalent right ("DER") is in the form of RSUs that vest at the time the associated award vests and is the econimic equivalent of one share of Compuware common stock. The DERs were cancelled in the merger in exchange for cash consideration equal to the merger consideration per share multiplied by the number of RSUs held at the time of the merger.
- [F2]1 for 1
- [F3]The RSUs vest on the day immediately preceding the date of the first annual meeting of shareholders following the award date and, pursuant to a Settlement Deferral Election, become payable upon sepration of service from of the Board of Directors.
- [F4]The restricted stock units ("RSUs") were cancelled in the merger in exchange for cash consideration equal to the merger consideration per share multiplied by the number of RSUs held at the time of the merger.