CDI CORP 4
4 · CDI CORP · Filed Mar 5, 2014
Insider Transaction Report
Form 4
CDI CORPCDI
Clark Philip L
Executive Vice President
Transactions
- Award
Common Stock
2014-03-01$18.27/sh+170$3,106→ 24,210 total - Exercise/Conversion
Common Stock
2014-03-01+2,400→ 24,040 total - Tax Payment
Common Stock
2014-03-01$18.27/sh−833$15,219→ 23,377 total - Exercise/Conversion
Time-Vested Deferred Stock (TVDS)
2014-03-01−2,400→ 0 totalExp: 2016-06-20→ Common Stock (2,400 underlying)
Footnotes (4)
- [F1]Upon vesting, each share of TVDS converts into one share of Common Stock.
- [F2]Under the terms of the Time-Vested Deferred Stock (TVDS) granted to the Reporting Person, if dividends were paid on Common Stock between the grant date and the vesting date of the TVDS, then upon vesting of the TVDS the Reporting Person is entitled to receive additional shares of Common Stock equal to the aggregate value of the dividends relating to those shares. The price set forth in this column represents the market price of Common Stock on the date that shares of TVDS owned by the Reporting Person vested and therefore the date that additional shares of Common Stock relating to dividends were earned.
- [F3]This is the market price of Common Stock on the date that shares of TVDS owned by the Reporting Person vested and was therefore the price used to calculate the number of shares deducted to satisfy tax withholding obligations.
- [F4]The shares of TVDS vest 20% per year.