CLEAN DIESEL TECHNOLOGIES INC 4
4 · CLEAN DIESEL TECHNOLOGIES INC · Filed Nov 12, 2014
Insider Transaction Report
Form 4
Lopez-Baldrich Pedro J.
Ofc. of CEO & General Counsel
Transactions
- Sale
Common Stock
2014-11-11$2.47/sh−6,642$16,406→ 10,025 total - Exercise/Conversion
Common Stock
2014-11-10+16,667→ 16,667 total - Exercise/Conversion
Restricted Share Units
2014-11-10−16,667→ 33,333 total→ Common Stock (16,667 underlying)
Footnotes (4)
- [F1]Shares of Common Stock acquired upon settlement of Restricted Share Units ("RSUs") granted February 20, 2014 pursuant to the Clean Diesel Technologies, Inc. ("CDTI") Stock Incentive Plan.
- [F2]Shares were sold to cover the reporting person's tax obligation in connection with the issuance of the RSUs and conversion into shares of Common Stock.
- [F3]Each RSU represents a contingent right to receive one share of CDTI common stock.
- [F4]RSUs vest as to 1/3 on each of September 5, 2014, September 5, 2015 and September 5, 2016. Issuance to occur as soon as practicable following the date of vesting and subject to compliance with Issuer's Insider Trading Policy, but in all cases within two and one-half months following the end of the Issuer's tax year that includes the date such RSUs vest. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason other than death or change in control, will be forfeited.