RENTECH INC /CO/ 4
4 · RENTECH INC /CO/ · Filed Dec 20, 2013
Insider Transaction Report
Form 4
WRIGHT HAROLD A.
Chief Technology Officer
Transactions
- Award
Performance Stock Units
2013-12-18+148,936→ 148,936 totalExp: 2016-12-14→ Common Stock (148,936 underlying) - Award
Restricted Stock Units
2013-12-18+83,832→ 83,832 totalExp: 2016-12-14→ Common Stock (83,832 underlying)
Holdings
- 327,868
Common Stock
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of common stock. One-third of the restricted stock units vest on each of the first three anniversaries of December 14, 2013, subject to the reporting person's continued employment with the Company on each such date.
- [F2]The reporting person is entitled to earn a number of performance stock units (?PSUs?) determined based on the issuer?s total shareholder return (?TSR?) over the three years after the vesting date (December 14, 2013). The number of PSUs set forth in the table represents the target number of PSUs that may be earned (the ?Target PSUs?). Subject to the reporting person?s continued service through each anniversary of the vesting date, if the TSR increases by at least 25% over the annual measurement period, he will be eligible to vest in a number of PSUs determined by multiplying one-third of the Target PSUs by a percentage ranging from 50% to 175% (based on an increase in the TSR ranging from 25% to 100% over the measurement period). Any PSUs that are not earned over the first two measurement periods may vest on the third anniversary based on the increase in the TSR over the full three-year period. Upon vesting, each PSU that has been earned is settled for one share of common stock.