Florida East Coast Industries, Inc. 4
4 · Florida East Coast Industries, Inc. · Filed Jun 4, 2007
Insider Transaction Report
Form 4
NEMEC JOSEPH
Director
Transactions
- Award
Common
2007-05-31+597→ 11,505 total
Footnotes (1)
- [F1]Upon election to the Board, Directors were granted shares of restricted stock having a fair market value of $50,000 at the time of the grant. 50% of these shares vest on the six-month anniversary date of the grant (11/30/07), the balance of the restrictions will lapse on the one-year anniversary (05/31/08), providing further that all restrictions shall lapse upon the Effective Time as set forth in the Agreement and Plan of Merger by and among Iron Horse Acquisition Holding, LLC, Iron House Acquisition Sub Inc. and the Corporation dated as as May 8, 2007.