Karam J. David 4
4 · Wendy's Co · Filed Jan 4, 2012
Insider Transaction Report
Form 4
Wendy's CoWEN
Karam J. David
Pres. Wendy's Int'l, Inc.
Transactions
- Exercise/Conversion
Common Stock
2011-12-30+30,856→ 234,491 total - Award
Common Stock
2011-12-30+153,631→ 203,635 total - Tax Payment
Common Stock
2011-12-30$5.36/sh−58,988$316,176→ 175,503 total - Exercise/Conversion
Restricted Stock Units
2011-12-30−30,856→ 0 total→ Common Stock (30,856 underlying)
Footnotes (5)
- [F1]Mr. Karam acquired the shares of common stock upon the vesting of restricted stock units and without the payment of any exercise or conversion price.
- [F2]Reflects the disposition of shares of common stock to the Company in satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- [F3]With tandem dividend equivalent rights and tax withholding rights.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F5]The restricted stock units vested in full on December 30, 2011 in connection with Mr. Karam's termination of employment with the Company.