SALAZAR TOMAS 4
4 · TRICO MARINE SERVICES INC · Filed Apr 30, 2010
Insider Transaction Report
Form 4
SALAZAR TOMAS
Vice President Americas
Transactions
- Award
Phantom Stock
2010-04-28+9,691→ 9,691 totalExp: 2017-04-28→ Common Stock (9,691 underlying) - Award
Stock Appreciation Rights
2010-04-28+19,539→ 19,539 totalExercise: $2.39Exp: 2017-04-28→ Common Stock (19,539 underlying)
Footnotes (4)
- [F1]Each share of phantom stock represents the right to receive the fair market value of one share of Trico Marine Services, Inc. common stock.
- [F2]The phantom shares vest ratably over a three-year period as follows: 33% on April 28, 2011, 33% on April 28, 2012 and 34% on April 28, 2013. These phantom shares entitle the reporting person to receive a cash settlement unless, prior to a vesting date, the Compensation Committee of Trico Marine Services, Inc.'s Board of Directors elects to make the payment in the form of Trico Marine Services, Inc. common stock.
- [F3]Represents only the derivative securities of this class.
- [F4]The SAR's vest ratably over a three-year period from the grant date and are exercisable as follows: 33% on April 28, 2011, 33% on April 28, 2012 and 34% on April 28, 2013. These SAR's entitle the reporting person to receive a cash settlement unless, prior to a vesting date, the Compensation Committee of Trico Marine Services, Inc.'s Board of Directors elects to make the payment in the form of Trico Marine Services, Inc. common stock.