DEMAND MEDIA INC. 4
4 · DEMAND MEDIA INC. · Filed Feb 12, 2016
Insider Transaction Report
Form 4
Quandt R James
Director
Transactions
- Disposition to Issuer
Common Stock, $0.0001 par value
2016-02-10+11,136→ 50,865 total
Footnotes (2)
- [F1]Mr. Quandt was granted 11,136 restricted stock units ("RSUs") in connection with his continued service as the Non-Executive Chairman of the Company's Board of Directors (the "Board") pursuant to the Company's Outside Director Compensation Program, as updated in February 2016. Each RSU represents the right to receive one share of the Company's common stock upon vesting. Subject to Mr. Quandt's continued service on the Board through the applicable vesting date, the RSUs will vest in eight (8) substantially equal installments commencing on March 31, 2016 and on each 3-month anniversary thereafter.
- [F2]Includes 18,462 unvested RSUs.