Dyne Larry 4
4 · TALON INTERNATIONAL, INC. · Filed Jan 30, 2013
Insider Transaction Report
Form 4
Dyne Larry
President
Transactions
- Exercise/Conversion
Restricted Stock Units
2013-01-30−750,000→ 3,528,500 total→ Common Stock (750,000 underlying) - Exercise/Conversion
Common Stock
2013-01-30+750,000→ 2,379,600 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Talon International, Inc. common stock. On Jan. 30, 2013, 750,000 of the reporting persons restricted stock units were settled for an equal number of shares of Talon International, Inc. common stock.
- [F2]Vested with respect to 2,889,250 shares on Aug. 30, 2011 and vests with respect to 577,850 shares on each of Jan. 30, 2012, July 30, 2012, Jan. 30, 2013, July 30, 2013 and Jan. 30, 2014. Pursuant to a deferral election, the remaining shares will be delivered to the reporting person as follows: 1,000,000 shares on July 30, 2013; 1,000,000 shares on Jan. 30, 2014 and 1,528,400 shares July 30, 2014, in each case subject to continued vesting and earlier settlement in the event of a change of control or the death of the reporting person.