Pilc Roger J 4
4 · PITNEY BOWES INC /DE/ · Filed Feb 6, 2018
Insider Transaction Report
Form 4
Pilc Roger J
Exec VP & Chief Innov Officer
Transactions
- Award
Restricted Stock Units
2018-02-05$12.64/sh+13,449$169,995→ 73,750 total→ Common Stock (13,449 underlying) - Award
Performance Stock Units
2018-02-05$12.64/sh+40,348$509,999→ 76,052 total→ Common Stock (40,348 underlying) - Award
Stock Option
2018-02-05+68,826→ 213,897 totalFrom: 2019-02-05Exp: 2028-02-05→ Common Stock (68,826 underlying)
Footnotes (5)
- [F1]Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
- [F2]Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest over a three year period on the second Tuesday in February.
- [F3]Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
- [F4]The performance stock units (PSUs) represent a contingent right to receive Pitney Bowes common stock with a 3 year cliff vesting. The shares that will vest are based on the pre-established performance standards set by the Board upon making each award, and could result in more of less shares being issued at the time of the vesting due to the pre-established performance standards. Depending on financial performance, the resulting number of shares released can range from zero to a maximum of 200% of grant.
- [F5]The grant price for the stock option was calculated at 100% of the closing price on February 5, 2018 which was $12.64.