FEDERAL SIGNAL CORP /DE/ 4
4 · FEDERAL SIGNAL CORP /DE/ · Filed Feb 23, 2009
Insider Transaction Report
Form 4
BARKER WILLIAM III
Sr. V.P. and CFO
Transactions
- Award
Stock Option (right to buy)
2009-02-20$6.68/sh+29,600$197,728→ 33,488 totalExercise: $6.68Exp: 2019-02-20→ Common Stock (29,600 underlying) - Award
Common Stock
2009-02-20+9,300→ 12,590 total - Award
Performance Rights
2009-02-20+8,900→ 8,900 totalExp: 2011-12-31→ Common Stock (17,800 underlying)
Footnotes (4)
- [F1]This represents a restricted stock award. All 9,300 shares vest on 2/20/2012.
- [F2]These shares are subject to restrictions and forfeiture under the Company Stock Benefit Plan.
- [F3]Options become exercisable as to 9,867 shares on 2/20/2010, 9,867 shares on 2/20/2011 and the remaining 9,866 shares on 2/20/2012.
- [F4]Each performance share represents a contingent right to receive up to two shares of FSS common stock based on a three year performance metric. The number of shares to be received will depend on the Company's relative Total Shareholder Return (TSR) for the 3-year period beginning on January 1, 2009, which will be evaluated against the TSR over the same 3-year period for a pre-set group of approximately 30 peer companies. TSR is calculated by adding the changes in a company's closing stock price between December 30, 2008 and December 31, 2011 to any dividends paid during that period, and is adjusted for any stock splits or dividends.