HUIZENGA H WAYNE 4
4 · Swisher Hygiene Inc. · Filed May 9, 2011
Insider Transaction Report
Form 4
HUIZENGA H WAYNE
Director10% Owner
Transactions
- Award
Common Stock
2011-05-09+2,439→ 25,007,798 total - Award
Restricted Stock Units
2011-05-05+13,616→ 13,616 total→ Common Stock (13,616 underlying)
Footnotes (4)
- [F1]In lieu of director fees for service as a director during the first quarter of 2011, the Compensation Committee approved the grant of 2,439 shares of common stock to the reporting person, subject to stockholder approval of the Amended and Restated Swisher Hygiene Inc. 2010 Stock Incentive Plan under which the grant was made. Swisher Hygiene Inc.'s stockholders approved the plan on May 5, 2011 and the shares of common stock were issued on May 9, 2011 upon the effectiveness of Swisher Hygiene Inc.'s Form S-8 pertaining to the plan.
- [F2]Each restricted stock unit represents a right to receive one share of Swisher Hygiene Inc.'s common stock.
- [F3]The grant of restricted stock units was approved by Swisher Hygiene Inc.'s Compensation Committee on November 2, 2010, subject to stockholder approval of the Amended and Restated Swisher Hygiene Inc. 2010 Stock Incentive Plan under which the award was granted. Swisher Hygiene Inc.'s stockholders approved the plan on May 5, 2011.
- [F4]The restricted stock units vest in four equal annual installments beginning November 2, 2011. Vested shares will be delivered to the reporting person following the reporting person's departure as a director. The restricted stock units do not have an expiration date.