4//SEC Filing
HALE MICHAEL W 4
Accession 0001312894-09-000017
CIK 0000927417other
Filed
Jun 21, 8:00 PM ET
Accepted
Jun 22, 5:23 PM ET
Size
8.4 KB
Accession
0001312894-09-000017
Insider Transaction Report
Form 4
POLYMER GROUP INCPOLGA.OB
HALE MICHAEL W
Chief Operating Officer
Transactions
- Award
Restricted Stock Units
2009-06-18+11,894→ 11,894 total→ Class A Common Stock (11,894 underlying) - Award
Class A Common Stock
2009-06-18$59.47/sh+5,947$353,668→ 56,828 total
Footnotes (4)
- [F1](1) 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 6/18/09 pursuant to Rule 16b-3. These shares will vest in three annual installments beginning with 1,983 on 6/18/2010; 1,982 on 6/18/2011 and 1,982 on 6/18/2012, subject to earlier vesting upon a change of control of the issuer.
- [F2](2) The Restricted Stock Units were granted to the reporting person under the terms of the Polymer Group, Inc. 2008 Long-Term Stock Incentive Plan on 6/18/09 pursuant to Rule 16b-3.
- [F3](3) Each Restricted Stock Unit represents a contingent right to receive one share of Polymer Group, Inc., Class A Common Stock, par value $.01 per share.
- [F4](4) Subject to the achievement of certain performance conditions and unless earlier forfeited under its terms, the award, at targeted performance, will vest in three annual installments of 3,965 on 3/25/10, 3,965 on 3/25/11 and 3,964 on 3/25/12, respectively. Vested shares will be delivered to the reporting person within 30 days of the vesting date, subject to the terms of the award.
Documents
Issuer
POLYMER GROUP INC
CIK 0000927417
Entity typeother
Related Parties
1- filerCIK 0001253690
Filing Metadata
- Form type
- 4
- Filed
- Jun 21, 8:00 PM ET
- Accepted
- Jun 22, 5:23 PM ET
- Size
- 8.4 KB