4//SEC Filing
ECLIPSYS CORP 4
Accession 0001209191-07-067923
CIK 0001034088operating
Filed
Dec 4, 7:00 PM ET
Accepted
Dec 5, 5:29 PM ET
Size
10.2 KB
Accession
0001209191-07-067923
Insider Transaction Report
Form 4
ECLIPSYS CORPECLP
Transactions
- Tax Payment
Common Stock
2007-12-03$23.20/sh−264$6,125→ 28,271 total - Sale
Common stock
2007-12-03$23.57/sh−100$2,357→ 28,171 total
Footnotes (2)
- [F1]The reporting person owns restricted stock issued by the issuer in connection with employment. Vesting of the shares results in taxable income, in respect of which the issuer pays tax deposits to the tax authorities on behalf of the reporting person. The reporting person reimburses the issuer for these tax deposits through the surrender to the issuer of vested shares having a value equal to the federal income tax paid at the minimum supplemental rate of 25% plus Medicare plus any applicable state income tax. In order to raise cash approximately equal to the amount of federal income tax payable in excess of such minimum supplemental rate, the reporting person sells shares pursuant to a 10b5-1 plan on or shortly following the vesting date. Such surrender of shares to the issuer and sale of shares are reported on this Form 4.
- [F2]Includes both vested shares and shares subject to contractual restrictions on transfer until vested.
Issuer
ECLIPSYS CORP
CIK 0001034088
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001034088
Filing Metadata
- Form type
- 4
- Filed
- Dec 4, 7:00 PM ET
- Accepted
- Dec 5, 5:29 PM ET
- Size
- 10.2 KB