CZOPEK JOSEPH C 4
4 · CITIZENS REPUBLIC BANCORP, INC. · Filed May 6, 2010
Insider Transaction Report
Form 4
CZOPEK JOSEPH C
Controller
Transactions
- Award
Restricted Stock
2010-05-04+37,418→ 37,418 total
Footnotes (1)
- [F1]70% of these shares are subject to certain time-based vesting restrictions and 30% of these shares are subject to certain performance-based vesting restrictions. Generally, the restrictions as to 50% of the performance-based portion of these shares will lapse on May 4, 2011 if both of the following performance measures are met: i) the company attains the designated pre-tax, pre-provision income for fiscal year 2010; and ii) the company attains the designated total provision expense for fiscal year 2010. Generally, the restrictions as to the remaining 50% of the performance-based portion of these shares will lapse on May 4, 2012 if both of the following performance measures are met: i) the company attains the designated pre-tax, pre-provision income for fiscal year 2011: and ii) the company attains the designated total provision expense for fiscal year 2011. The restrictions as to the time-based portion of these shares will generally lapse on the third anniversary of the grant date.