REDDY ICE HOLDINGS INC 4
4 · REDDY ICE HOLDINGS INC · Filed Apr 20, 2009
Insider Transaction Report
Form 4
STEFFEK MARK A
VP-Finance & Treasurer
Transactions
- Award
Common Stock
2009-04-14+2,400→ 42,843 total - Disposition to Issuer
Restricted Stock Units
2009-04-14+3,000→ 1,500 totalExercise: $0.00Exp: 2009-08-12→ Common Stock (3,000 underlying) - Award
Stock Option (Right to Buy)
2009-04-14+12,000→ 12,000 totalExp: 2016-04-14→ Common Stock (12,000 underlying)
Footnotes (4)
- [F1]Represents a grant of restricted shares of the Issuer's common stock, which will vest in 3 equal portions on January 1, 2010, 2011 and 2012. Unvested restricted shares are subject to forfeiture if the Reporting Person terminates his employment with the Issuer, subject to the exceptions set forth in the Restricted Stock Agreement between the Issuer and the Reporting Person dated April 14, 2009.
- [F2]The options have been granted in three pricing tranches. One third of the options have an exercise price of $1.53 (100% of the fair market value of the Issuer's common stock on the date of grant). One third of the options have an exercise price of $2.30 (150% of the fair market value of the Issuer's common stock on the date of grant). One third of the options have an exercise price of $3.06 (200% of the fair market value of the Issuer's common stock on the date of grant).
- [F3]The options vest in three equal annual installments on January 1, 2010, 2011 and 2012 with one third of each pricing tranche vesting on each vesting date. Unvested options are subject to forfeiture if the Reporting Person terminates his employment with the Issuer, subject to the exceptions set forth in the Non-Qualified Stock Option Agreement between the Issuer and the Reporting Person dated April 14, 2009.
- [F4]The reporting person was granted 12,000 restricted stock units (RSUs) on November 3, 2005 under the 2005 Long Term Incentive and Share Award Plan, as amended. The reporting person voluntarily forfeited the remaining unvested performance-based RSUs on April 14, 2009 as the likelihood of such RSUs vesting according to terms on August 12, 2009 was considered remote.