Grimes Benjamin R 4
4 · AVOCENT CORP · Filed Jan 7, 2009
Insider Transaction Report
Form 4
AVOCENT CORPAVCT
Grimes Benjamin R
Chief Technical Officer
Transactions
- Tax Payment
Common Stock
2009-01-02$17.85/sh−353$6,301→ 18,580 total
Holdings
- 7,719
Performance-share Award with Market Conditions
Exercise: $0.00From: 2008-06-06Exp: 2018-06-06→ Common Stock (7,719 underlying)
Footnotes (3)
- [F1]This includes unvested Restricted Stock Units granted on March 12, 2007, April 14, 2008, and June 6, 2008. 3,968 shares vest on January 1, 2009, 3,966 shares vest on January 1, 2010, and 2,299 shares vest on January 1, 2011. Also includes 6,000 shares of restricted stock units that vest on the earlier of the first anniversary of the grant date or the closing price of Avocent's common stock being at or above a specified level for each trading day during any consecutive 30 calendar day period.
- [F2]Grant Date; These are performance-shares awards with market conditions tied to company stock price to be earned over a two year period. If earned, the shares will vest over a two year period beginning January 1, 2008.
- [F3]353 shares were withheld as payment for taxes at the release of restricted shares on January 2, 2008.