4//SEC Filing
TOWELL JOSEPH HAMPTON 4
Accession 0001366633-12-000024
CIK 0001366367other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 6:10 PM ET
Size
7.7 KB
Accession
0001366633-12-000024
Insider Transaction Report
Form 4
TOWELL JOSEPH HAMPTON
EVP and Chief Admin. Officer
Transactions
- Award
Restricted Stock
2012-04-13$2.30/sh+150,000$345,000→ 185,000 total
Holdings
- 136,111
Common Stock
- 8,000
Stock Options
Exercise: $14.91From: 2009-02-19Exp: 2018-02-19→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Restricted Stock Award Dated March 15, 2012 and Executed on April 13, 2012: Awarded under 2008 Omnibus Stock Ownership and Long Term Incentive Plan approved by shareholders May 22, 2008 and pursuant to the Company's 2012 Restricted Stock Incentive Plan.
- [F2]Awarded shares can be earned and vest in two tranches and earned shares vest upon the completion of 2-years of service after the earned date for the respective tranche. However, no Restricted Stock shall be vested prior to the earliest date permitted by Section 111(b)(3)(D) of the Emergency Economic Stabilization Act of 2008 and the regulations adopted pursuant thereto. Tranche 1 begins 2012 and a level of the shares, up to half of the awarded amount, has to be earned in a one-year performance period (2012) followed by two additional years of service; thus, shares earned in 2012 will vest at the end of 2014. Tranche 2 begins in 2012 with 2012 as a year of service, 2013 a year of performance followed by two additional years of service. Shares earned in 2013 vest at the end of 2015. No more than the total awarded amount can be earned and vested.
Documents
Issuer
YADKIN VALLEY FINANCIAL CORP
CIK 0001366367
Entity typeother
Related Parties
1- filerCIK 0001389562
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 6:10 PM ET
- Size
- 7.7 KB