KULLBACK WILLIAM J 4
4 · ANGEION CORP/MN · Filed Jun 7, 2010
Insider Transaction Report
Form 4
ANGEION CORP/MNANGN
KULLBACK WILLIAM J
SVP & Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2010-06-03$4.59/sh−2,181$10,011→ 29,946 total
Footnotes (2)
- [F1]The Reporting Person was granted a restricted stock option of 20,000 shares on June 3, 2009. One-third of the shares vest on the first, second and third anniversaries of the date of grant. Therefore 6,667 shares vested on June 3, 2010. The Reporting Person is required to pay the tax withholding obligation associated with the vesting of the shares, the Issuer's Board of Directors expressing authorized share withholding for the payment of this obligation, and the Reporting Person has elected share withholding for the payment of this obligation. Therefore, the Issuer withheld for tax obligations 2,181 shares of the 6,667 shares otherwise issuable.
- [F2]This Form 4 reports (i) the disposition of these 2,181 shares by the Reporting Person to the Issuer to pay the tax liability associated with the vesting and (ii) the net increase in the Reporting Person's ownership of 4,486 shares. The price of $4.59 is equal to the fair market value on the date of vesting and is used to determine both the value of the shares that vest and the value of the shares withheld.