4//SEC Filing
BLOCKBUSTER INC 4
Accession 0001342572-07-000027
CIK 0001085734operating
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 4:47 PM ET
Size
9.6 KB
Accession
0001342572-07-000027
Insider Transaction Report
Form 4
ANTIOCO JOHN F
DirectorChairman of the Board and CEO
Transactions
- Exercise/Conversion
Class A and Class B Common Stock
2007-07-02+1,728,972→ 1,728,972 total - Exercise/Conversion
Restricted Share Units
2007-07-02−1,728,972→ 0 totalFrom: 2007-07-02Exp: 2007-07-02→ Class A and Class B Common Stock (1,728,972 underlying) - Disposition to Issuer
Class A and Class B Common Stock
2007-07-02−1,728,972→ 0 total
Footnotes (1)
- [F1]On October 21, 2004, the Reporting Person was awarded 1,728,972 restricted share units pursuant to his employment agreement. Each restricted share unit entitles the Reporting Person to receive a cash payment equal in value to the average of the closing prices of a share of Blockbuster Class A and Class B Common Stock on the date of his termination of employment, which occurred on July 2, 2007. Although SEC reporting requirements require that the settlement of restricted share units in cash be reported as an acquisition and subsequent disposition of the shares underlying the restricted share units (each as exempt transactions), under the terms of the award Mr. Antioco did not receive or dispose of shares of the Issuer's Class A or Class B Common Stock, but rather received a cash payment for 864,486 restricted share units on July 2, 2007 and will receive a cash payment for the remaining 864,486 restricted share units on Jan. 2, 2008 pursuant to the requirements of Sec. 409A of the IRC.
Documents
Issuer
BLOCKBUSTER INC
CIK 0001085734
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001085734
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 4:47 PM ET
- Size
- 9.6 KB