Ennis Alan Timothy 4
4 · REVLON INC /DE/ · Filed Jan 5, 2009
Insider Transaction Report
Form 4
Ennis Alan Timothy
Executive V.P. and CFO
Transactions
- Tax Payment
Class A Common Stock
2009-01-02$7.14/sh−4,667$33,322→ 86,331 total
Footnotes (2)
- [F1]Mr. Ennis did not sell any of the 4,667 reported shares. Rather, this amount represents shares withheld pursuant to the terms of a shareholder-approved stock plan for the payment of federal and state withholding taxes due upon the 1/2/09 vesting of 11,666 of the 35,000 shares of restricted stock Mr. Ennis was granted on 12/10/07 (as adjusted for Revlon, Inc.'s September 2008 1-for-10 reverse stock split). These 4,667 withheld shares are not sold on the open market and become Revlon, Inc. treasury shares.
- [F2]Of these 86,331 shares reflected as beneficially owned, (a) 750 shares are unvested restricted shares that the reporting person was granted on 11/16/06, which vest on 11/16/09, (b) 23,334 shares are unvested restricted shares that the reporting person was granted on 12/10/07, 11,667 shares of which vest on 1/2/10 and 11,667 shares of which vest on 1/2/11, and (c) 48,600 shares are unvested restricted shares that the reporting person was granted on 12/8/08, 16,200 shares of which vest on each of 1/10/10, 1/10/11 and 1/10/12 (in each case as adjusted for Revlon, Inc.'s September 2008 1-for-10 reverse stock split).