CDI CORP 4
4 · CDI CORP · Filed Mar 10, 2015
Insider Transaction Report
Form 4
CDI CORPCDI
Larney Robert M
Executive Vice President & CFO
Transactions
- Exercise/Conversion
Common Stock
2015-03-06+144→ 21,312 total - Award
Common Stock
2015-03-06$13.95/sh+16$223→ 21,328 total - Tax Payment
Common Stock
2015-03-06$13.95/sh−55$767→ 21,273 total - Exercise/Conversion
Time-Vested Deferred Stock (TVDS)
2015-03-06−144→ 0 totalExp: 2016-09-19→ Common Stock (144 underlying)
Footnotes (4)
- [F1]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 under 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 the shares of TVDS owned by the Reporting Person vested and therefore the date that additional shares of Common Stock relating to dividends were earned.
- [F2]This is the market price of Common Stock on the date that the shares of TVDS owned by the Reporting Person vested and was therefore the price used to calculate the number of shares deducted to satisfy withholding obligations.
- [F3]Upon vesting, shares of TVDS convert into shares of Common Stock on a 1-for-1 basis.
- [F4]The shares of TVDS were scheduled to vest 20% per year on each of the first five anniversaries of 09/19/11. Vesting of these shares of TVDS, acquired under the Executive Stock Purchase Opportunity Program, was accelerated upon his departure from CDI.