Orcutt Mark James 4
4 · GEORGIA GULF CORP /DE/ · Filed May 18, 2011
Insider Transaction Report
Form 4
Orcutt Mark James
Executive Vice President
Transactions
- Award
Restricted Stock Units
2011-05-16+16,472→ 16,472 total→ Common Stock
Footnotes (2)
- [F1]Shares of Georgia Gulf Corporation common stock may be issued to the Reporting Person upon the vesting of the restricted stock units, which are also referred to by the Company as performance leveraged units or "PLU's." The number of shares of Company common stock shown is the award at the "target" performance level. The actual number of shares of common stock that may be issued to the Reporting Person upon vesting ranges from a minimum of 0 to a maximum of 24,709 shares, and depends on the price performance of the Company's common stock, as measured by the weighted average trading price of the Company common stock during the 45 consecutive trading days after the date the Company issues its earnings press release announcing its financial results for its 2013 fiscal year.
- [F2]The restricted stock units vest on May 16, 2014. The expiration date of the award of this grant is the same date as the vesting date.