Johnston R. William 4
4 · QWEST COMMUNICATIONS INTERNATIONAL INC · Filed Mar 9, 2010
Insider Transaction Report
Form 4
Johnston R. William
Senior VP and Controller
Transactions
- Tax Payment
Common Stock
2010-03-05$4.66/sh−17,821$83,046→ 225,597 total - Award
Common Stock
2010-03-05+60,000→ 236,418 total - Award
Common Stock
2010-03-05+7,000→ 243,418 total - Award
Performance shares
2010-03-05+73,000→ 73,000 total→ Common Stock (73,000 underlying)
Holdings
- 589
Phantom Stock
→ Common Stock (589 underlying)
Footnotes (8)
- [F1]The award vests in three equal annual installments beginning on March 5, 2011. This award was approved by the Board of Directors in accordance with Rule 16b-3(d).
- [F2]The award vests on March 5, 2011, only if the reporting person remains employed by us and we determine that our 2010 financial results met or exceeded specified revenue, EBITDA and free cash flow targets. This award was approved by the Board of Directors in accordance with Rule 16b-3(d).
- [F3]Each performance share represents a contingent right to receive one share of Qwest common stock.
- [F4]The performance shares will vest on March 5, 2013, if the reporting person remains employed by us over the performance period (except in the case of death, disability or an involuntary termination without cause or for good reason within two years of a change in control). The performance period begins on March 5, 2010, and ends on the earlier of March 4, 2013, or a change in control. Payout under the performance shares can range from 0% to 200% depending on our relative total shareholder return ("TSR") over the performance period as compared to a group of our peers in the telecommunications industry. TSR is measured generally as the increase or decrease in the market value of common stock including the reinvestment of dividends. This award was approved by the Board of Directors in accordance with Rule 16b-3(d).
- [F5]The award will be forfeited upon a termination of employment for any reason other than death, disability or an involuntary termination without cause or for good reason within two years of a change in control.
- [F6]Each unit represents a cash value equivalent to one share of common stock.
- [F7]Immediately exercisable.
- [F8]Not applicable.