KOHN BRADLEY D 4
4 · MEMC ELECTRONIC MATERIALS INC · Filed Jan 26, 2010
Insider Transaction Report
Form 4
KOHN BRADLEY D
VP & Gen. Counsel
Transactions
- Exercise/Conversion
Common Stock
2010-01-24+1,500→ 5,874 total - Exercise/Conversion
Restricted Stock Units
2010-01-24−1,500→ 1,500 totalExercise: $0.00→ Common Stock (1,500 underlying)
Footnotes (2)
- [F1]Price is not applicable to acquisitions resulting from conversion of restricted stock units.
- [F2]On January 24, 2007, 6,000 restricted stock units were awarded under the MEMC 2001 Equity Incentive Plan in a transaction exempt under Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of MEMC common stock. Of these 6,000 restricted stock units, up to 3,000 were subject to forfeiture depending on pre-established company earnings targets for 2007. On January 23, 2008, the Committee determined that the earnings targets had been met, and that none of the 3,000 restricted stock units subject to forfeiture would be forfeited. Pursuant to the vesting schedule established on the date of the award, 1,500 units (25%) vested on January 24, 2008, 1,500 units (25%) vested on January 24, 2009, and 1,500 units (25%) vested on January 24, 2010. The remaining 1,500 (25%) restricted stock units will vest on January 24, 2011.