XERIUM TECHNOLOGIES INC 4
4 · XERIUM TECHNOLOGIES INC · Filed Jun 7, 2017
Insider Transaction Report
Form 4
Staton Mark
DirectorPresident and CEO
Transactions
- Award
Performance Restricted Stock Unit
2017-06-05+600,000→ 600,000 total→ Common Stock (600,000 underlying)
Footnotes (1)
- [F1]Represents the right to receive up to 600,000 shares of common stock on October 28, 2020 ("vesting date") subject to continuous employment through the vesting date and the satisfaction of performance criteria based on the achievement of certain volume-weighted, 20-day average stock price targets for the Company's common stock within certain time periods. For a more complete understanding of the various average stock prices and the time periods within which Mr. Staton can earn shares under this award, please refer to the Special Incentive Matrix on Exhibit A to his employment agreement, which is filed as Exhibit 10.1 to the Company's Form 8-K filed with the SEC on May 1, 2017.