Medidata Solutions, Inc. 4
4 · Medidata Solutions, Inc. · Filed Feb 18, 2015
Insider Transaction Report
Form 4
Douglas Cory
Controller
Transactions
- Award
Common Stock
2015-02-13+14,493→ 160,815 total - Tax Payment
Common Stock
2015-02-13$46.58/sh−11,297$526,158→ 149,518 total - Award
Common Stock
2015-02-13+14,493→ 14,493 totalExercise: $0.00→ Common Stock (14,493 underlying)
Footnotes (3)
- [F1]Award of shares of restricted stock under the issuer's Second Amended & Restated 2009 Long-Term Incentive Plan (the "2009 LTIP") on February 13, 2015. The restrictions will lapse with respect to one-fourth of the shares on each of February 13, 2016, February 13, 2017, February 13, 2018, and February 13, 2019.
- [F2]Shares withheld by Medidata to satisfy the tax withholding obligation in connection with the vesting of previously awarded restricted stock.
- [F3]Award of PBRSUs under the 2009 LTIP on February 13, 2015. The number of PBRSUs reported represents a target amount. Each PBRSU represents a contingent right to receive 0-200% of that target number of shares of the issuer's common stock, based on the issuer's TSR as compared to the TSR of companies in the Russell 2000 Index as follows: (i) 1/3 of the units will become earned based on relative TSR performance for the one year ended December 31, 2015, (ii) 1/3 of the units will become earned based on the cumulative relative TSR for the two years ending December 31, 2016 and (iii) 1/3 of the units will become earned based on cumulative relative TSR for the three years ending December 31, 2017. The shares will vest immediately upon being earned.