Dailey Mark S 4
4 · UniTek Global Services, Inc. · Filed Jan 14, 2011
Insider Transaction Report
Form 4
Dailey Mark S
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2011-01-10−893→ 0 totalExercise: $56.00Exp: 2016-07-20→ Common Stock (893 underlying) - Award
Stock Option (right to buy)
2011-01-10+893→ 893 totalExercise: $9.42Exp: 2016-07-20→ Common Stock (893 underlying) - Award
Restricted Stock Units (RSUs)
2011-01-10+2,233→ 2,233 total→ Common Stock (2,233 underlying)
Footnotes (4)
- [F1]On January 10, 2011, the issuer cancelled, pursuant to the issuer's option exchange program, stock options granted to the reporting person on January 27, 2010. In exchange for these cancelled stock options, the reporting person was granted 893 stock options on January 10, 2011 (the "Date of Grant").
- [F2]The stock options were fully vested as of January 27, 2010.
- [F3]The Restricted Stock Units (RSUs) represent the right to receive one share of the issuer's common stock for each vested RSU.
- [F4]The RSUs will vest in accordance with the following schedule: 20% are vested as of the Date of Grant, and the remaining 80% shall vest in 20% increments on each of July 1, 2011, July 1, 2012, July 1, 2013 and July 1, 2014; provided that the reporting person remains in continuous employment or service with the issuer on each applicable vesting date.