Gallagher James G 4
4 · Vertro, Inc. · Filed Jun 7, 2010
Insider Transaction Report
Form 4
Vertro, Inc.VTRO
Transactions
- Award
Common Stock
2010-06-02+25,000→ 125,000 total - Award
Common Stock
2010-06-02+100,000→ 100,000 total
Footnotes (2)
- [F1]Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of Vertro, Inc. common stock. The restricted stock units vest in equal installments on each of the first four anniversaries of the grant date; provided, however, that no restricted stock unit shall vest on such vesting date unless the reporting person has been continuously employed by Vertro, Inc. from the grant date until such vesting date.
- [F2]Common stock represents the underlying security of restricted stock units granted to the reporting person, each restricted stock unit representing a contingent right to receive one share of Vertro, Inc. common stock. The restricted stock units vest on the day immediately following the tenth consecutive trading day on which the closing price of Vertro, Inc. common stock is above $1.00.