HOLLINGER INTERNATIONAL INC 4
4 · HOLLINGER INTERNATIONAL INC · Filed Feb 18, 2005
Insider Transaction Report
Form 4
VAN HORN JAMES R
VP,General Counsel & Secretary
Transactions
- Award
Deferred Stock Units
2005-01-26+15,000→ 15,000 total→ Common Stock (15,000 underlying)
Footnotes (5)
- [F1]1-for-1.
- [F2]The deferred stock units were issued pursuant to Hollinger International Inc.'s (the "Company") 1999 Stock Incentive Plan. Upon the vesting of the deferred stock units, the Company shall transfer to the Reporting Person one share of common stock for each deferred stock unit held by the Reporting Person. Deferred stock units shall vest in accordance with the following schedule: (i) 25% of the deferred stock units awarded shall vest and become nonforfeitable on each of the first, second, third and fourth anniversaries of January 26, 2005, unless forfeited earlier under paragraph (v) below; (ii) Upon the Reporting Person's termination of employment by death or permanent disability, the deferred stock units which have not yet vested shall vest and become nonforfeitable on the date of such death or permanent disability;
- [F3](iii) Upon the Reporting Person's termination of employment by reason of retirement from the Company or its subsidiaries at or after attaining the age of 59 1/2 and after having served as an employee of the Company or its subsidiaries for at least five continuous years, the deferred stock units which have not yet vested shall vest and become nonforfeitable on such termination of employment; (iv) Upon a change in control (as defined in the Reporting Person's Deferred Stock Unit Agreement dated as of January 26, 2005); or
- [F4](v) Unless the Compensation Committee of the Company determines otherwise in its sole discretion, if the Reporting Person's employment with the Company terminates for any reason other than paragraphs (i), (ii) or (iii) above, the deferred stock units which have not vested as of the date of such termination of employment shall be permanently forfeited on such termination date.
- [F5]Not Applicable.