Thomas Ward 4
4 · NAVARRE CORP /MN/ · Filed Sep 18, 2012
Insider Transaction Report
Form 4
Thomas Ward
President Bus. Svcs. & Dev.
Transactions
- Exercise/Conversion
Restricted Stock Unit
2012-09-15−8,333→ 8,333 totalExercise: $0.00Exp: 2013-09-15→ Common Stock (8,333 underlying) - Exercise/Conversion
Common Stock
2012-09-15+8,333→ 13,951 total - Tax Payment
Common Stock
2012-09-15$1.52/sh−3,075$4,674→ 10,876 total
Footnotes (3)
- [F1]Restricted Stock Units granted September 15, 2010, pursuant to the terms of the Company's Amended and Restated 2004 Stock Plan. Conditioned upon continued employment with the Company, each Restricted Stock Unit represents a contingent right to receive one share of the Company's Common Stock once vested. Vesting occurs in three equal annual installments beginning one year from the date of grant.
- [F2]Vesting of second installment of Restricted Stock Units granted September 15, 2010.
- [F3]Surrender to the Company of shares to cover the minimum statutory tax withholding obligations occasioned by the vesting of Restricted Stock Units.