Richter David J 4
4 · DIVX INC · Filed Sep 16, 2010
Insider Transaction Report
Form 4
DIVX INCDIVX
Richter David J
EVP, Business & Legal Affairs
Transactions
- Exercise/Conversion
Common Stock
2010-09-14+6,250→ 34,566 total - Tax Payment
Common Stock
2010-09-14$7.96/sh−2,298$18,292→ 32,268 total - Sale
Common Stock
2010-09-14$7.91/sh−4,016$31,767→ 28,252 total - Exercise/Conversion
Restricted Stock Units
2010-09-14−6,250→ 37,500 total→ Common Stock (6,250 underlying)
Footnotes (5)
- [F1]This Form 4 is being filed to report the quarterly vesting of a Restricted Stock Unit award that was granted on March 14, 2008.
- [F2]Each restricted stock unit represents a contingent right to receive one share of DIVX common stock.
- [F3]Represents shares withheld to satisfy income tax obligations asssociated with the release of common stock (per a vested restricted stock unit award) to the Reporting Person on the transaction date listed in this Form 4.
- [F4]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2009.
- [F5]The restricted stock units vest in equal quarterly installments beginning March 14, 2008. Vested shares will be delivered to the reporting person on each vest date or, if the vest date is not a business day, the next following business day thereafter.