LESAVOY RICHARD 4
4 · UFP TECHNOLOGIES INC · Filed Feb 23, 2011
Insider Transaction Report
Form 4
LESAVOY RICHARD
Vice President
Transactions
- Award
Common Stock, $.01 Par Value
2011-02-18+9,741→ 132,099 total - Award
Common Stock, $.01 Par Value
2011-02-18+2,735→ 134,834 total
Footnotes (2)
- [F1]Represents restricted stock units granted on February 19, 2010, under the issuer's 2003 Incentive Plan subject to satisfaction of performance targets that are to be settled solely in shares of common stock. The transaction date represents the date on which the issuer's Compensation Committee determined the performance targets were achieved. The units vest with respect to one-third of the shares on February 18, 2012 and with respect to an additional one-third on each of February 18, 2013 and 2014, so long as the recipient is in the continuous employ of the Issuer through each such respective vesting date.
- [F2]Represents shares issued under the issuer's 2003 Incentive Plan in lieu of 50% of the cash bonus for 2010 otherwise payable to the Reporting Person.