Brace Klaudia 4
4 · KBR, INC. · Filed Feb 28, 2011
Insider Transaction Report
Form 4
KBR, INC.KBR
Brace Klaudia
Senior VP, Administration
Transactions
- Award
Common Stock
2011-02-24+322→ 26,358 total - Award
Common Stock
2011-02-24+566→ 26,924 total - Award
Common Stock
2011-02-24+2,499→ 11,129 totalExercise: $21.19From: 2011-03-10Exp: 2020-03-10→ Common Stock (2,499 underlying) - Award
Stock Options
2011-02-24+1,726→ 8,630 totalExercise: $12.49From: 2011-03-04Exp: 2020-03-04→ Common Stock (1,726 underlying)
Footnotes (4)
- [F1]On March 4, 2009, the reporting person was granted restricted stock units that convert to common stock at a 1-to-1 ratio and vest 20% on each anniversary of the grant date, with each vesting subject to the Company having positive net income in the prior year. This portion represents the 20% that has satisfied the positive net income requirement for this year.
- [F2]On March 10, 2010, the reporting person was granted restricted stock units that will convert to common stock on a 1-to-1 ratio. These restricted stock units vest over five years with 20% vesting on the first anniversary of the grant date, and 20% on each anniversary thereafter, provided that the company has positive net income for the calendar year preceding the vesting date. This portion represents the initial 20% that has satisfied the positive net income requirement.
- [F3]On March 4, 2009, the reporting person was granted options that vest at a rate of 33 1/3% on the first anniversary, 66 2/3% on the second anniversary and 100% on the third anniversary from the original date of grant with each vesting subject to the Company having positive net income in the prior year. This represents the portion that has satisfied the positive net income requirement for this year.
- [F4]On March 10, 2010, the reporting person was granted options that vest at a rate of 33 1/3% on the first anniversary, 66 2/3% on the second anniversary and 100% on the third anniversary from the original date of grant, provided that the company has positive net income for the calendar year preceding the vesting date. This portion represents the initial 33 1/3% that has satisfied the positive net income requirement.