4//SEC Filing
Kirk Robert F 4
Accession 0001468593-12-000003
CIK 0001111632other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 7:38 PM ET
Size
7.3 KB
Accession
0001468593-12-000003
Insider Transaction Report
Form 4
Kirk Robert F
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Restricted Stock Units (RSUs)
2012-04-21−300,000→ 750,000 totalFrom: 2012-04-21→ Common Stock (300,000 underlying) - Exercise/Conversion
Common Stock
2012-04-21+300,000→ 496,787 total
Footnotes (1)
- [F1]Restricted Stock Units (RSU's) were granted pursuant to Avistar Commuinications Corporaiton 2009 Incentive Equity Plan. Each RSU represents a contingent right to receive one share of Avistar's common stock. The RSUs vest 100% on April 21, 2012, two years after the awards being granted. Change of Control Provision triggers 100% vesting. Termination without cause triggers pro rata vesting. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.
Documents
Issuer
AVISTAR COMMUNICATIONS CORP
CIK 0001111632
Entity typeother
Related Parties
1- filerCIK 0001468593
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 7:38 PM ET
- Size
- 7.3 KB