STILWELL CRAIG T 4
4 · Carbonite Inc · Filed Jul 30, 2019
Insider Transaction Report
Form 4
Carbonite IncCARB
STILWELL CRAIG T
Chief Revenue Officer
Transactions
- Award
Common Stock
2019-07-26+139,574→ 139,574 total
Footnotes (3)
- [F1]Reflects the grant of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. Upon the achievement of any vesting conditions, the restricted stock units will be settled on the applicable vest date in shares of the issuer's common stock.
- [F2]Consists of (i) 59,818 restricted stock units which will vest in three equal annual installments beginning on July 8, 2020, (ii) 39,878 restricted stock units which will vest in two equal annual installments beginning on July 8, 2020, and (iii) 39,878 performance-based restricted stock units which will vest in whole or in part based upon the issuer's relative total shareholder return (as compared to a group of comparable companies in the Russell 3000) over a three-year performance period and continued service through December 31, 2021, each subject to the Recipient's continued service to the Company. The vesting schedule for the PRSUs shall be accelerated upon certain Change of Control events.
- [F3]Includes 139,574 shares of common stock subject to unvested restricted stock units.