GT Advanced Technologies Inc. 4
4 · GT Advanced Technologies Inc. · Filed Jan 17, 2014
Insider Transaction Report
Form 4
GAYNOR RICHARD J
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock, par value $.01
2014-01-15+38,095→ 135,903 total - Tax Payment
Common Stock, par value $.01
2014-01-15$9.16/sh−10,923$100,055→ 152,657 total - Disposition to Issuer
Performance Rights
2014-01-15−38,095→ 76,191 totalExp: 2020-01-15→ Common Stock, par value $.01 (38,095 underlying) - Tax Payment
Common Stock, par value $.01
2014-01-15$9.16/sh−10,418$95,429→ 125,485 total - Exercise/Conversion
Common Stock, par value $.01
2014-01-15+38,095→ 163,580 total - Exercise/Conversion
Restricted Stock Unit
2014-01-15−38,095→ 76,191 total→ Common Stock, par value $.01 (38,095 underlying)
Footnotes (5)
- [F1]These shares were withheld to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock units on January 15, 2014.
- [F2]Each performance restricted stock unit ("PRSU") represents the contingent right to receive one share of common stock of GT Advanced Technologies Inc. The PRSUs are earned based upon the achievement of increases in the Company's stock price as measured by the average closing price of the Company's common stock on the NASDAQ Global Select Market for any twenty consecutive trading day period after the date of grant.
- [F3]One-Third of earned PRSU's may not vest any earlier than the first, second and third anniversaries of the date of grant, respectively.
- [F4]Each restricted stock unit represents the right to receive one share of common stock of GT Advanced Technologies Inc.
- [F5]The restricted stock units vest one-third on each of January 15, 2014, January 15, 2015 and January 15, 2016. Shares of common stock are delivered to the reporting person on vesting.