ENTROPIC COMMUNICATIONS INC 4
4 · ENTROPIC COMMUNICATIONS INC · Filed Nov 21, 2014
Insider Transaction Report
Form 4
RHODES F MATTHEW
Sr VP, Global Marketing
Transactions
- Exercise/Conversion
Restricted Stock Unit
2014-11-20−12,500→ 57,500 total→ Common Stock (12,500 underlying) - Exercise/Conversion
Common Stock
2014-11-20+12,500→ 13,605 total - Tax Payment
Common Stock
2014-11-20$2.45/sh−4,697$11,508→ 8,908 total
Footnotes (4)
- [F1]Shares have been surrendered to the issuer to satisfy the reporting person's tax withholding obligation due on vesting of restricted stock units.
- [F2]The reporting persons end of period holdings include 446 shares purchased on 4/30/14 and 659 shares purchased on 10/31/14, under the Companys Employee Stock Purchase Plan and are owned directly by the reporting person.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F4]The shares vest over a four year period, with 25% vesting on the first quarterly vesting date following the 1st, 2nd, 3rd and 4th anniversary of the grant date. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.