HALE MICHAEL W 4
4 · POLYMER GROUP INC · Filed Jun 22, 2009
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.