McBride R. Perley 4
4 · LEAP WIRELESS INTERNATIONAL INC · Filed Dec 12, 2012
Insider Transaction Report
Form 4
McBride R. Perley
Chief Financial Officer
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2012-12-10+195,000→ 195,000 totalExercise: $6.76Exp: 2022-12-10→ Common Stock (195,000 underlying) - Award
Deferred Stock Unit
2012-12-10+100,000→ 100,000 totalExp: 2017-12-10→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Each deferred stock unit represents the right to receive one share of LEAP common stock or cash equal to the market value of a share of LEAP common stock, at the Company's option, upon vesting.
- [F2]The units vest 25% on the second anniversary of the date of grant, 25% on the third anniversary of the date of grant and 50% on the fourth anniversary of the date of grant, provided that the average of the closing prices of LEAP for the 30-calendar day period immediately preceding each vesting date is greater than the Fair Market Value (as defined in the 2004 Plan) of LEAP on the grant date. If the 30-day calendar average does not exceed the Fair Market Value on the vesting date, the units will remain unvested until the average of the closing prices of LEAP for any subsequent 30-calendar day period is greater than the Fair Market Value of LEAP on the grant date and any unvested units will expire on the fifth anniversary of the date of grant.
- [F3]The option vests in four equal installments on December 10, 2013, December 10, 2014, December 10, 2015 and December 10, 2016, respectively.