Kennedy Bryan 4
4 · AVISTAR COMMUNICATIONS CORP · Filed Dec 30, 2011
Insider Transaction Report
Form 4
Kennedy Bryan
VP of Business Development
Transactions
- Exercise/Conversion
Restricted Stock Units (RSUs)
2011-12-28−200,000→ 100,000 total→ Common Stock (200,000 underlying) - Exercise/Conversion
Common Stock
2011-12-28+200,000→ 200,000 total - Tax Payment
Common Stock
2011-12-28$0.49/sh−81,760$40,062→ 118,240 total
Footnotes (3)
- [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 100% on December 28, 2011, two years after the awards being granted. Change of Control provision triggers 100% vesting. No acceleration of vesting for termination without cause.
- [F2]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.
- [F3]Shares withheld by the Issuer for payment of tax withholding liability in connection with vesting of the restricted stock units.