CITIZENS REPUBLIC BANCORP, INC. 4
4 · CITIZENS REPUBLIC BANCORP, INC. · Filed Feb 2, 2009
Insider Transaction Report
Form 4
Brockett Susan P
EVP, Director of HR
Transactions
- Award
Restricted Stock
2009-01-29+16,667→ 20,006 total
Footnotes (1)
- [F1]Generally, the restrictions as to 50% of these shares will lapse on January 29, 2011 if both of the following performance measures are met: i) the Corporation is profitable in 2010 (based on net income); and ii) the Corporation's 2010 pre-tax/pre-provision income is improved over 2009. On January 29, 2012, the restrictions on the remaining 50% of these shares, or in the event that either of the aforementioned performance measures are not achieved in 2010, the restrictions on the full 100% of these shares will lapse if: i) the Corporation is profitable in 2011 (based on net income); and ii) 2011 pre-tax/pre-provision income is improved over 2010. If both of the aforementioned performance measures are not met for 2011, then 100% of these shares will be canceled.