OCONNELL RICHARD T JR 4
4 · TALBOTS INC · Filed Mar 2, 2010
Insider Transaction Report
Form 4
TALBOTS INCTLB
OCONNELL RICHARD T JR
EVP, Legal & Real Estate & Sec
Transactions
- Award
Common Stock, par value $0.01 per share
2010-02-26+50,000→ 275,251 total
Holdings
- 12,500
Common Stock, par value $0.01 per share
- 20,000
Common Stock, par value $0.01 per share
- 12,500
Common Stock, par value $0.01 per share
Footnotes (4)
- [F1]Restricted Stock granted pursuant to The Talbots, Inc. 2003 Executive Stock Based Incentive Plan, as amended, which is a Rule 16b-3 plan (the "Plan"). Of these shares, one-third will vest on February 26, 2011; one-third will vest on February 26, 2012; and one-third will vest on February 26, 2013.
- [F2]Performance Accelerated Restricted Stock ("PARS") subject to vesting as follows: if the Company's average return on net assets ("RONA") over three years as compared to RONA of a peer group of retail companies exceeds certain levels, all or part of the PARS would vest at that time based on the level of achievement against the performance goals. If not earlier vested, PARS will vest on March 9, 2012, subject to continued employment.
- [F3]Shares of PARS which are scheduled to vest on March 3, 2011, subject to continued employment.
- [F4]Shares of PARS which are scheduled to vest on March 11, 2010, subject to continued employment.