4//SEC Filing
Kocourek Robert 4
Accession 0001312894-09-000011
CIK 0000927417other
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 5:16 PM ET
Size
7.5 KB
Accession
0001312894-09-000011
Insider Transaction Report
Form 4
POLYMER GROUP INCPOLGA.OB
Kocourek Robert
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2009-04-09$181.28/sh+18,128$3,286,244→ 41,876 total - Tax Payment
Class A Common Stock
2009-04-09$4.25/sh−4,533$19,265→ 37,343 total
Footnotes (2)
- [F1]The shares of restricted stock were granted to the reporting person under the terms of the Polymer Group, Inc. 2008 Long-Term Stock Incentive Plan on 4/9/2009 pursuant to Rule 16b-3 as part of the Companys program to allow employees, including the reporting person, to receive (a)stock in lieu of cash to which he was otherwise entitled under the terms of the Polymer Group, Inc. Short-Term Incentive Compensation Plan for fiscal 2008 performance plus (b) an award of additional restricted stock based on the reporting persons level of cash participation in the program as an incentive to participate. Of the 18,129 shares, 12,085 vest immediately and the balance of 7,552 will vest in two equal installments on 4/9/2010 and 4/9/2011, unless earlier forfeited under the terms of the issuer.
- [F2]These shares of restricted stock were withheld by the issuer in order to satisfy income tax withholding requirements relating to the prior grant of immediately vested restricted stock to the reporting person on 4/9/2009.
Documents
Issuer
POLYMER GROUP INC
CIK 0000927417
Entity typeother
Related Parties
1- filerCIK 0001364634
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 5:16 PM ET
- Size
- 7.5 KB