Kirk Robert F 4
4 · AVISTAR COMMUNICATIONS CORP · Filed Jun 4, 2012
Insider Transaction Report
Form 4
Kirk Robert F
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Restricted Stock Units (RSUs)
2012-06-01−125,000→ 625,000 totalFrom: 2012-06-01→ Common Stock (125,000 underlying) - Exercise/Conversion
Common Stock
2012-06-01+125,000→ 621,787 total
Footnotes (1)
- [F1]Restricted Stock Units (RSUs) were granted pursuant to Avistar Communications Corporation 2009 Incentive Equity Plan. Each RSU represents a contingent right to receive one share of Avistar's common stock. The RSUs vest at 50% on June 1, 2012 and then 100% on June 1, 2013. Change of Control provision triggers 100% vesting. This transaction represents the settlement of restricted stock units that vested on June 1, 2012 in shares of common stock.