BODZY GLEN A 4
4 · URBAN OUTFITTERS INC · Filed Aug 18, 2011
Insider Transaction Report
Form 4
BODZY GLEN A
Secretary and General Counsel
Transactions
- Award
Performance Based Restricted Stock Unit
2011-08-16+17,500→ 17,500 total→ Common Stock (17,500 underlying)
Footnotes (2)
- [F1]Each Performance Based Restricted Stock Unit ("PSU") represents a contingent right to receive one of the issuer's common shares.
- [F2]One-third of the total number of PSUs are eligible to vest on each of August 16, 2014, August 16, 2015, and August 16, 2016, contingent on the continued employment of the reporting person through such date and the satisfaction of the requirement that the average closing price of the issuer's common shares be at least $30.00, $32.50, and $35.00, respectively, during the six month period before the vesting date; provided, however, that on each of the three vesting dates, the number of PSUs that vest is limited to the number of PSUs multiplied by five times the fair market value of the issuer's common shares on the grant date, divided by the fair market value of the issuer's common shares on the day before the applicable vesting date. This limitation caps the fair market value of the award at five times the fair market value of the award on the grant date.