ECLIPSYS CORP 4
4 · ECLIPSYS CORP · Filed May 19, 2008
Insider Transaction Report
Form 4
ECLIPSYS CORPECLP
PIEPER JAY B
Director
Transactions
- Award
Deferred stock units
2008-05-15+345→ 7,390 total→ Common Stock (345 underlying)
Footnotes (3)
- [F1]Each deferred stock unit represents a contingent right to receive one share of common stock of Eclipsys Corporation.
- [F2]Pursuant to voluntary election by the reporting person, these deferred stock units are issued in lieu of cash compensation for board service and are immediately vested. Shares are not issued to the reporting person until the earlier of: (i) the cessation of service as a director of the issuer; or (ii) a change-in-control of the issuer.
- [F3]The deferred stock units are issued as compensation for service by the reporting person as a non-employee director of the issuer.