1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee stock options (Right to Buy)
|
(4)
|
02/24/2019 |
Common Stock
|
4,000
|
$
14.93
|
D
|
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Includes 1,700 performance-based restricted stock units, 1,300 time-based restricted stock units and 1,751 shares of restricted stock issued under the issuer's Amended and Restated 2007 Performance Incentive Plan that remain subject to vesting and forfeiture restrictions. |
(2) |
The time-based restricted stock units reported herein were granted on March 2, 2010. Each time-based restricted stock unit represents the contingent right to receive, upon vesting of the unit, one share of the issuer's common stock. One-fourth (1/4) of the time-based restricted stock units are scheduled to vest on each of the first, second, third and fourth anniversaries of the date of grant as long as the reporting person remains in the service of the Company through the respective vesting date. |
(3) |
The prformance-based restricted stock units reported herein were granted on March 2, 2010, and the number of units set forth herein consists of a target number subject to certain continued employment requirements. The units are scheduled to vest following the third anniversary of the date of grant if the issuer meets certain total shareholder return objectives. The number of units that vest may be 0% to 225% of the target number of units, depending upon performance. The maximum number of units that may vest is 3,825 (225% of the target number). Each performance-based restricted stock unit, once vested, will entitle the reporting person to receive one share of the issuer's common stock. |
(4) |
The reporting person was granted the non-qualified stock options on 2/24/2009. 25% of the options vested on the first anniversary of the grant date, and thereafter 75% of the options vest in 36 substantially equal monthly installments with the first installment vesting on the 24th day of the 13th month following the award date and an additional installment vesting on the 24th day of each of the 35 months thereafter. |