BRODSKY PETER S 4
4 · UniTek Global Services, Inc. · Filed Jan 25, 2012
Insider Transaction Report
Form 4
BRODSKY PETER S
Director
Transactions
- Exercise/Conversion
Common Stock
2012-01-03+2,643→ 5,087 total - Award
Restricted Stock Units (RSUs)
2012-01-03+10,573→ 14,239 total→ Common Stock (10,573 underlying) - Exercise/Conversion
Common Stock
2012-01-01+1,222→ 2,444 total
Holdings
- 0(indirect: See footnote)
Common Stock
Footnotes (6)
- [F1]The Common Stock represents the vesting of 20% of the RSUs granted to the reporting person on May 2, 2011.
- [F2]The Common Stock represents the 20% of the RSUs that were vested and paid on January 3, 2012.
- [F3]The reporting person held an indirect interest in Sector Performance Fund, LP, HM Unitek Coinvest, LP and SPF SBS LP (the "Investment Funds"), which beneficially own an aggregate of 4,521,264 shares of the Common Stock of the issuer. In addition, the reporting person is a former executive officer of Sector Performance LLC (the "General Partner"), which is the direct or indirect general partner of the Investment Funds.
- [F4]The reporting person was a member of a six-person committee (previously consisting of Mr. Brodksy, Mr. Colonnetta, Jason S. Downie, Edward Herring, John R. Muse and Andrew Rosen) that exercises, on behalf of the General Partner, voting and dispositive powers over the securities held by the Investment Funds. The reporting person may be deemed to beneficially own all or a portion of the shares of Common Stock beneficially owned by the Investment Funds; however, the reporting person disclaims beneficial ownership of the shares of Common Stock, except to the extent of any pecuniary interest therein.
- [F5]The Restricted Stock Units (RSUs) represent the right to receive one share of the issuer's common stock for each vested RSU.
- [F6]The RSUs were awarded as a portion of the annual compensation of non-employee members of the Board of Directors of the issuer under the Berliner Communications, Inc. 2009 Omnibus Equity and Incentive Compensation Plan. The RSUs will vest in accordance with the following schedule: 20% (2,643 RSUs) were vested and paid on January 3, 2012 and are reported in Table I as Common Stock, and the remaining 80% (10,573 RSUs) shall vest and be paid in 20% increments on each of January 1, 2013, January 1, 2014, January 1, 2015 and January 1, 2016; provided that the reporting person remains in continuous employment or service with the issuer on each applicable vesting date.