4//SEC Filing
HALE MICHAEL W 4
Accession 0001312894-10-000015
CIK 0000927417other
Filed
Apr 26, 8:00 PM ET
Accepted
Apr 27, 5:29 PM ET
Size
13.5 KB
Accession
0001312894-10-000015
Insider Transaction Report
Form 4
POLYMER GROUP INCPOLGA.OC
HALE MICHAEL W
Chief Operating Officer
Transactions
- Award
Class A Common Stock
2010-04-26$75000.00/sh+12,500$937,500,000→ 94,884 total - Tax Payment
Class A Common Stock
2010-04-26$20.00/sh−2,839$56,780→ 88,295 total - Award
Class A Common Stock
2010-04-23$106.04/sh+10,604$1,124,448→ 82,384 total - Award
Restricted Stock Unit
2010-04-23+21,208→ 21,208 total→ Class A Common Stock (21,208 underlying) - Tax Payment
Class A Common Stock
2010-04-26$20.00/sh−3,750$75,000→ 91,134 total
Footnotes (7)
- [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 4/23/2010 pursuant to Rule 16b-3. These shares will vest in three annual installments beginning with 3,535 on 4/23/2011; 3,535 on 4/23/2012 and 3,534 on 4/23/2013, subject to earlier vesting upon a change of control of the issuer.
- [F2]The shares of stock were granted to the reporting person as a result of exercising previously granted options under the Polymer Group, Inc. 2003 Stock Option Plan on 4/26/2010 pursuant to Rule 16b-3 and vest immediately.
- [F3]The shares of stock were withheld by the issuer in order to satisfy the exercise price for options exercised on 4/26/2010.
- [F4]The shares of stock were withheld by the issuer in order to satisfy income tax withholding requirements relating to the options exercised on 4/26/2010.
- [F5]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 4/23/2010 pursuant to Rule 16b-3.
- [F6]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.
- [F7]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 7,069 on 3/25/11, 7,069 on 3/25/12 and 7,070 on 3/25/13, 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
- Apr 26, 8:00 PM ET
- Accepted
- Apr 27, 5:29 PM ET
- Size
- 13.5 KB