Drobick Jeffrey B 4
4 · Geeknet, Inc · Filed May 2, 2012
Insider Transaction Report
Form 4
Geeknet, IncGKNT
Drobick Jeffrey B
President & CEO, Geeknet Media
Transactions
- Tax Payment
Common Stock
2012-05-02$13.34/sh−9,553$127,437→ 22,489 total - Exercise/Conversion
Restricted Stock Unit
2012-05-02−26,042→ 52,083 totalExp: 2014-05-02→ Common Stock (26,042 underlying) - Exercise/Conversion
Common Stock
2012-05-02$13.34/sh+26,042$347,400→ 32,042 total
Footnotes (3)
- [F1]Shares represent the tax liability for the release of the vested portion of the restricted stock award.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's common stock.
- [F3]Restricted Stock Units granted pursuant to Issuer's 2007 Equity Incentive Plan. The shares subject to the Restricted Stock Units awarded with time based vesting, which will vest over three (3) years following the date of award as follows: 33 1/3% on the one (1) year anniversary of the award date; an additional 33 1/3% on the two (2) year anniversary of the award date; and the remaining 33 1/3% on the three (3) year anniversary of the award date, subject to the grantee continuing to serve as a service provider to the Registrant on each such date.