Stubbs Charles J 4
4 · PRIMEDIA INC · Filed Mar 3, 2011
Insider Transaction Report
Form 4
PRIMEDIA INCPRM
Stubbs Charles J
DirectorPresident and CEO
Transactions
- Award
Common Stock
2011-03-01+120,000→ 764,740 total - Tax Payment
Common Stock
2011-03-01$4.51/sh−40,751$183,787→ 644,740 total
Footnotes (3)
- [F1]Number of shares withheld to satisfy withholding tax requirements of vested restricted stock at the request of the reporting person. Determination of the number of shares withheld based on common stock closing price of $4.51 on March 1, 2011.
- [F2]Share total adjusted to include the March 1, 2011 vesting of performance-based award of 87,942 shares pursuant to the Company's Long-Term Incentive Plan.
- [F3]Grant of restricted stock which vests one hundred percent (100%) on December 31, 2014, provided, that the reporting person remains employed with the Company through such date, or earlier upon the termination of the reporting person's employment due to his death or Disability or for Good Reason by the reporting person (as such terms are defined in the Employment Agreement between the Company and the reporting person.