Elshaw Chris 4
4 · REVLON INC /DE/ · Filed Nov 18, 2009
Insider Transaction Report
Form 4
Elshaw Chris
EVP, Chief Operating Officer
Transactions
- Tax Payment
Class A Common Stock, par value $0.01 per share
2009-11-16$16.90/sh−1,659$28,037→ 74,674 total
Footnotes (2)
- [F1]Mr. Elshaw did not sell any of the reported 1,659 shares. Rather, this amount represents shares withheld pursuant to the terms of a shareholder-approved stock plan for the payment of withholding taxes due upon the 11/16/09 vesting of 3,999 of the 12,000 shares of restricted stock Mr. Elshaw was granted on 11/16/06 (as adjusted for Revlon, Inc.'s September 2008 1-for-10 reverse stock split). These withheld shares are not sold on the open market and become Revlon, Inc. treasury shares.
- [F2]Of the 74,674 shares beneficially owned, (a) 23,734 shares are unvested restricted shares that the reporting person was granted on 12/10/07, of which 11,867 vest on each of 1/2/10; and 1/2/11 and (b) 48,600 shares are unvested restricted shares that the reporting person was granted on 12/8/08 which vest in substantially equal installments on 1/10/10, 1/10/11 and 1/10/12.