FURMANITE CORP 4
4 · FURMANITE CORP · Filed Jul 31, 2014
Insider Transaction Report
Form 4
COX CHARLES R
DirectorChairman of the Board and CEO
Transactions
- Award
Options to buy common stock
2014-07-30+34,195→ 205,223 totalExercise: $4.63From: 2014-12-31Exp: 2015-12-31→ Common stock (34,195 underlying) - Award
Restricted stock units
2014-07-30+56,757→ 77,637 totalExercise: $0.00From: 2014-12-31Exp: 2014-12-31→ Common stock (56,757 underlying)
Footnotes (3)
- [F1]These options, net of amounts previously forfeited, were originally granted on June 28, 2012 as performance-based awards and had not previously been reported on Form 4 since the performance conditions had not been met. In accordance with an agreement between the Company and Mr. Cox associated with his planned retirement that was entered into on July 30, 2014 (the "Agreement"), these options will now become fully vested on December 31, 2014 (provided that Mr. Cox satisfies his service obligations under the Agreement) and vesting is no longer subject to the outcome of the original performance conditions.
- [F2]On vesting date, will convert 1-for-1 into shares of common stock.
- [F3]These restricted stock units, net of amounts previously forfeited, were originally granted on various dates from 2011 to 2014 as performance-based awards and had not previously been reported on Form 4 since the performance conditions had not been met. In accordance with the Agreement, these restricted stock units will now become fully vested on December 31, 2014 (provided that Mr. Cox satisfies his service obligations under the Agreement) and vesting is no longer subject to the outcome of the original performance conditions.