LEXMARK INTERNATIONAL INC /KY/ 4
4 · LEXMARK INTERNATIONAL INC /KY/ · Filed Feb 19, 2016
Insider Transaction Report
Form 4
BISH REYNOLDS
Vice President
Transactions
- Award
Class A Common Stock
2016-02-17+11,600→ 90,758 total
Footnotes (2)
- [F1]Represents an award to the Reporting Person of an equal number of performance-based restricted stock units (PRSUs) granted pursuant to the Issuer's stock incentive plan, as approved by the Compensation and Pension Committee of the Board of Directors (the "Committee") on February 17, 2016. On February 18, 2015, the Reporting Person was granted an opportunity to earn a maximum of 11,600 PRSUs (5,800 PRSUs at Target), subject to the achievement of the performance measure (services and software revenue) during the 2015 performance period. The Committee reviewed and certified the business results for the PRSUs on February 17, 2016 and determined that maximum attainment had been achieved for the one-year performance period. The earned PRSUs will become vested and settle in three approximately equal installments (34%, 33% and 33%) on February 24, 2016, February 24, 2017 and February 24, 2018, respectively.
- [F2]90,758 of these securities are restricted stock units and earned PRSUs, including associated dividend equivalent units, which have not yet vested.