Grann Phyllis E 4
4 · Warner Music Group Corp. · Filed Mar 16, 2011
Insider Transaction Report
Form 4
Grann Phyllis E
Director
Transactions
- Award
Common Stock, par value $0.001 per share
2011-03-15$5.56/sh+14,388$79,997→ 61,348 total
Footnotes (1)
- [F1]Common stock granted pursuant to a Director Restricted Stock Award Agreement in accordance with the Company's currently established compensation policies with respect to independent directors. Shares represent 50% of such director's annual director compensation based on a fair market value on the date of grant (calc. as the closing price on the grant date in accordance with the terms of the Company's Amended and Restated 2005 Omnibus Award Plan). Shares will be delivered to reporting person upon vesting. Shares vest on February 22, 2012, the one-year anniversary of the Company's Annual Meeting for the preceding fiscal year.