CONMED CORP 4
4 · CONMED CORP · Filed May 20, 2008
Insider Transaction Report
Form 4
CONMED CORPCNMD
MATTHEWS WILLIAM
Director
Transactions
- Exercise/Conversion
Common Stock
2008-05-19+1,000→ 5,500 total - Award
SAR's (Stock Appreciation Rights)
2007-05-18+2,500→ 2,500 totalExercise: $30.04From: 2008-05-18Exp: 2009-05-18→ Common Stock (2,500 underlying) - Exercise/Conversion
RSUs (Restricted Stock Units)
2008-05-19+1,000→ 0 totalFrom: 2008-05-18Exp: 2017-05-18→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock, par value $0.01 per share of ConMed Corporation (the "Company") and will be subject to the terms and conditions of the Company's 2007 Non-Employee Director Equity Compensation Plan, with the RSUs generally vesting 20% per year over a five year period, with any unvested RSUs to vest and be delivered upon the Director's termination of service provided the Director has completed one full year of service since the date of the award. Mr. Matthews did not stand for reelection in 2008 but completed one full year of service since the date of the award so all RSUs have vested.
- [F2]The stock appreciation rights ("SARs") were granted under the Company's 2007 Non-Employee Director Equity Compensation Plan, with the SARs generally vesting 20% per year over a five year period, with any unvested SARs to vest upon the Director's termination of service provided the Director has completed one full year of service since the date of the award in which case the SARs shall be exercisable at any time prior to the expiration date of the SAR or within one year after the date of such termination, whichever period is shorter. Mr. Matthews did not stand for reelection in 2008 but completed one full year of service since the date of the award so all SARs granted on 05/18/2007 have vested with an expiration date of 05/18/09.
- [F3]The RSUs and SARs were granted at no cost to the Reporting Person.