OCONNELL RICHARD T JR 4
4 · TALBOTS INC · Filed Mar 15, 2010
Insider Transaction Report
Form 4
TALBOTS INCTLB
OCONNELL RICHARD T JR
EVP, Legal & Real Estate & Sec
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2010-03-11$11.29/sh−4,573$51,629→ 283,178 total - Tax Payment
Common Stock, par value $0.01 per share
2010-03-14$11.61/sh−6,352$73,747→ 276,826 total
Holdings
- 20,000
Common Stock, par value $0.01 per share
- 12,500
Common Stock, par value $0.01 per share
Footnotes (4)
- [F1]Vested shares withheld to satisfy withholding tax obligations upon the vesting of 12,500 shares of Performance-Accelerated Restricted Stock ("PARS").
- [F2]Vested shares withheld to satisfy withholding tax obligations upon the vesting of 17,550 shares of restricted stock.
- [F3]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.
- [F4]Shares of PARS which are scheduled to vest on March 3, 2011, subject to continued employment.