ANALOG DEVICES INC 4
4 · ANALOG DEVICES INC · Filed Mar 13, 2015
Insider Transaction Report
Form 4
Wessel Thomas
VP, Worldwide Sales
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2015-03-11+29,230→ 29,230 totalExercise: $57.29From: 2016-03-11Exp: 2025-03-11→ Comm Stock-$.16-2/3 value (29,230 underlying) - Award
Restricted Stock Unit (RSU)
2015-03-11+5,635→ 5,635 totalExercise: $0.00From: 2018-03-11→ Comm Stock-$.16-2/3 value (5,635 underlying) - Award
Performance-Based Restricted Stock Unit
2015-03-11+5,635→ 5,635 totalExercise: $0.00From: 2018-03-25→ Comm Stock-$.16-2/3 value (5,635 underlying)
Footnotes (4)
- [F1]This option vests in equal installments on the first, second, third, fourth and fifth anniversaries of the original grant date, which was March 11, 2015.
- [F2]Each Performance-Based Restricted Stock Unit (RSU) represents the right to receive, following vesting, up to 200% of one share of common stock of the Company. The resulting number of shares of common stock of the Company acquired upon vesting of the Performance-Based RSUs is contingent upon the achievement of pre-established performance parameters, as approved by the Company's Compensation Committee, over a three-year performance period beginning on the grant date and ending on the third anniversary of the grant date.
- [F3]Unless earlier forfeited under the terms of the Performance-Based RSU, each Performance-Based RSU vests and converts into no more than 200% of one share of common stock of the Company three years and 14 days after the grant date.
- [F4]The Restricted Stock Units granted to the Reporting Person on March 11, 2015 (the "Original Grant Date") vest 100% on the third anniversary of the Original Grant Date. Upon the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.