Millennial Media Inc. 4
4 · Millennial Media Inc. · Filed Nov 29, 2013
Insider Transaction Report
Form 4
Palmieri Paul J.
DirectorPresident and CEO10% Owner
Transactions
- Award
Common Stock
2013-11-27+160,000→ 4,966,770 total - Award
Stock Option (right to buy)
2013-11-27+900,000→ 900,000 totalExercise: $6.34Exp: 2023-11-27→ Common Stock (900,000 underlying)
Footnotes (2)
- [F1]This security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer. The shares underlying these restricted stock units vest over a period of four years, in equal quarterly installments beginning on February 15, 2014, subject to the reporting person's continuous service with the issuer as of the applicable vesting date, and subject to accelerated vesting in specified circumstances.
- [F2]This option vests over four years, with 25% vesting on November 27, 2014, and the remaining 75% vesting in equal monthly installments beginning on December 27, 2014, subject to the reporting person's continuous service with the issuer as of each vesting date. In addition, 50% of the then-unvested portion of the option will vest upon a change of control of the issuer, and 100% of the then-unvested portion will vest in the event the reporting person is terminated without cause or resigns for good reason, in each case other than as a result of death or disability, as such terms are defined in the reporting person's employment agreement with the issuer.