ECLIPSYS CORP 4
4 · ECLIPSYS CORP · Filed Jul 9, 2008
Insider Transaction Report
Form 4
ECLIPSYS CORPECLP
Crippen Dan L
Director
Transactions
- Award
Deferred stock units
2008-06-11+6,007→ 13,052 total→ Common Stock (6,007 underlying)
Footnotes (3)
- [F1]Each deferred stock unit represents a contingent right to receive one share of common stock of Eclipsys Corporation.
- [F2]These deferred stock units are issued as annual compensation to non-employee directors of the issuer and vest during continuation of Board service in 12 equal consecutive monthly installments following the date of award, or if earlier, upon a change in control of the issuer, or the 2009 issuer Annual Meeting of Stockholders. The date of award and vesting start date is June 11, 2008, the date of 2008 issuer Annual Meeting of Stockholders. 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.