Groesch Richard C III 4
4 · Heelys, Inc. · Filed Mar 17, 2011
Insider Transaction Report
Form 4
Heelys, Inc.HLYS
Groesch Richard C III
Chief Commercial Officer
Transactions
- Award
Restricted Stock Unit
2011-03-15+68,494→ 68,494 total→ Common Stock (68,494 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of common stock of Heelys, Inc.
- [F2]Designated as a performance award. Zero to 100% of the Restricted Stock Units vest on December 31, 2013 based upon Heelys, Inc. meeting earnings per share performance criteria during the period January 1, 2011 and ending December 31, 2013. The maximum number of Restricted Stock Units that may vest is 68,494. If any of the Restricted Stock Units vest, stock certificates for shares of Heelys, Inc. common stock will be delivered to the reporting person no later than 90 days thereafter.