4//SEC Filing
Pifer Daniel Alan 4
Accession 0001209191-09-040897
CIK 0001339729other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 4:22 PM ET
Size
8.2 KB
Accession
0001209191-09-040897
Insider Transaction Report
Form 4
Pifer Daniel Alan
EVP Operations & Technology
Transactions
- Tax Payment
Common Stock
2009-08-13$1.90/sh−365$694→ 15,873 total
Holdings
- 9,723
Restricted Stock
- 4,862
Restricted Stock
Footnotes (3)
- [F1]On August 13, 2009, 972 shares of Common Stock vested in accordance with the Restricted Stock Award Agreement dated November 13, 2007. The reporting person elected to pay a tax liabiity arising upon vesting of the restricted stock by having the Company withhold shares that would otherwise been issued to him based on a value of $1.90 per share, the closing price of the Common Stock on the vesting date.
- [F2]An award of 11,666 shares of restricted stock of the Company was granted to the reporting person on November 13, 2007 and was previously reported in Table II of the reporting person's Form 3 filed with the SEC on December 5, 2007. These shares of restricted stock vest as follows: (i) 1/3 vest on November 13, 2008, with quarterly vesting thereafter for a period of 24 months subject to acceleration or termination in certain circumstances. Accordingly, (i) 3, 888 shares of restricted stock vested on November 13, 2008 and (ii) 972 shares vested on each of February 13, 2009, May 13, 2009 and August 13, 2009 and subject to the shares netted on August 13, 2009 are included in the reporting person's ownership of Common Stock in Table I.
- [F3]An award of 16,667 shares of restricted stock of the Company was granted to the reporting person on February 28, 2008 and was previously reported in Table II of the reporting person's Form 4 filed with the SEC on February 29, 2008. These shares of restricted stock vest as follows: (i) 1/3 vest on February 28, 2009, with quarterly vesting thereafter for a period of 24 months subject to acceleration or termination in certain circumstances. Accordingly, (i) 5,555 shares of restricted stock vested on February 28, 2009 and (ii) 1,389 shares vested on May 28, 2009 are included in the reporting person's ownership of Common Stock in Table I.
Documents
Issuer
Orchard Enterprises, Inc.
CIK 0001339729
Entity typeother
Related Parties
1- filerCIK 0001419563
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 4:22 PM ET
- Size
- 8.2 KB