GORMAN THOMAS W 4
4 · SPARTAN MOTORS INC · Filed Aug 12, 2011
Insider Transaction Report
Form 4
GORMAN THOMAS W
Chief Operating Officer
Transactions
- Award
Common Stock
2011-08-10+19,800→ 83,336 total - Tax Payment
Common Stock
2011-08-10$4.17/sh−2,464$10,275→ 80,872 total
Footnotes (2)
- [F1]This line item reports the grant of 19,800 shares of restricted stock under the Spartan Motors, Inc. Stock Incentive Plan of 2005 (the "Plan"). These shares will fully vest over four years. Prior to vesting, these shares will remain subject to restrictions in accordance with the Plan and the terms of the grant.
- [F2]These shares were withheld by Spartan Motors, Inc. to satisfy tax withholding obligations incident upon the vesting of previously granted shares of restricted stock.