4//SEC Filing
Downer Jonathan S 4
Accession 0001209191-07-053572
CIK 0001075656other
Filed
Sep 13, 8:00 PM ET
Accepted
Sep 14, 7:20 PM ET
Size
6.0 KB
Accession
0001209191-07-053572
Insider Transaction Report
Form 4
Downer Jonathan S
Senior Vice President
Transactions
- Award
Common Stock
2007-09-13+25,000→ 160,000 total
Footnotes (1)
- [F1]Mr. Downer was granted 25,000 restricted stock units pursuant to the Company's 2004 Omnibus Long Term Incentive Plan as a result of the Company's Compensation and Human Resource Committee's determination that the Company had achieved one of the objectives set forth in Mr. Downer's 2007 compensation arrangement, which was previously disclosed in a Current Report on Form 8-K filed April 12, 2007. Subject to continued employment, twenty-five percent (25%) of the restricted stock units will automatically vest each year over the next four (4) years immediately on the anniversary of the grant date (i.e., 25% of the units shall automatically vest on each of September 13, 2008, September 13, 2009, September 13, 2010, and September 13, 2011). The units will vest earlier, in full, upon a change of control, or on a pro rata basis upon the participant's death, disability, termination without cause or retirement.
Documents
Issuer
MOBILITY ELECTRONICS INC
CIK 0001075656
Entity typeother
Related Parties
1- filerCIK 0001369142
Filing Metadata
- Form type
- 4
- Filed
- Sep 13, 8:00 PM ET
- Accepted
- Sep 14, 7:20 PM ET
- Size
- 6.0 KB