4//SEC Filing
MCCORMICK DOUGLAS 4
Accession 0001314121-06-000002
CIK 0001074767other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:06 PM ET
Size
9.6 KB
Accession
0001314121-06-000002
Insider Transaction Report
Form 4
IVILLAGE INCIVIL
MCCORMICK DOUGLAS
DirectorChairman and CEO
Transactions
- Award
Restricted Stock Units
2006-01-01+70,000→ 70,000 totalFrom: 2008-05-31Exp: 2008-05-31→ Common Stock (70,000 underlying) - Award
Performance Units
2006-01-01+100,000→ 100,000 totalFrom: 2008-05-31Exp: 2008-05-31→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]Granted on January 1, 2006 pursuant to the reporting person's May 31, 2005 employment agreement with iVillage as such employment agreement was amended on December 30, 2005. Subject to the reporting person's continued service through the scheduled vesting date of May 31, 2008, the restricted stock units will be settled in a lump sum cash payment in an amount equal to the number of vested restricted stock units multiplied by the per share price of iVillage's common stock on the vesting date. The restricted stock units may vest and be settled earlier in the event of a change in control or a qualifiying termination of the reporting person's employment.
- [F2]Granted on January 1, 2006 pursuant to the reporting person's May 31, 2005 employment agreement with iVillage as such employment agreement was amended on December 30, 2005. Subject to the resporting person's continued service through the scheduled vesting date of May 31, 2008, the performance units will be settled in a lump sum cash payment in an amount equal to the number of vested performance units mulitplied by the per share price of iVillage's common stock on the vesting date multiplied by an "applicable percentage".
- [F3]The aforementioned "applicable percentage" is based on the per share price of iVillage's common stock on the vesting date and will be equal to: (i) 0% if the per share price of iVillage's common stock is less than $9.00, (ii) 100% if the per share price of iVillage's common stock is equal to or greater than $9.00 and less than $10.00, or (iii) 150% if the per share price of iVillage's common stock is equal to or greater than $10.00. The performance units may vest and be settled earlier in the event of a change in control or a qualifying termination of the reporting person's employment.
- [F4]1-for-1
Documents
Issuer
IVILLAGE INC
CIK 0001074767
Entity typeother
Related Parties
1- filerCIK 0001082910
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:06 PM ET
- Size
- 9.6 KB