LIPPES GERALD S 4
4 · GIBRALTAR INDUSTRIES, INC. · Filed Jan 26, 2011
Insider Transaction Report
Form 4
LIPPES GERALD S
Director
Transactions
- Award
Restricted Stock Unit (MSPP Match)
2011-01-24+2,177.86→ 8,520.54 total→ Common Stock (2,177.86 underlying) - Award
Restricted Stock Unit (MSPP)
2011-01-24+2,177.86→ 17,987.68 total→ Common Stock (2,177.86 underlying)
Footnotes (4)
- [F1]Represents matching restricted stock units allocated to the Reporting Person pursuant to the Company's Management Stock Purchase Plan equal in number to restricted stock units allocated to reflect the Reporting Person's deferral of his annual director retainer fee.
- [F2]Restricted stock units are forfeited if Reporting Person's service as a member of the Company's Board of Directors is terminated prior to age sixty (60). If service as a member of the Company's Board of Directors continues through age sixty (60), restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of service. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.
- [F3]Represents restricted stock units allocated to Reporting Person pursuant to the Company's Management Stock Purchase Plan reflecting deferred annual director fees.
- [F4]Restricted stock units are payable solely in cash in five (5) consecutive, substantially equal annual installments beginning six (6) months following termination of service as a member of the Company's Board of Directors. Each restricted stock unit is converted to cash in an amount equal to the fair market value (200 day rolling average) of one share of the Company's common stock on the date of termination of the Reporting Person's service as a director of the Company.