SCHILLING THOMAS L 4
4 · Lender Processing Services, Inc. · Filed May 2, 2013
Insider Transaction Report
Form 4
SCHILLING THOMAS L
Exec. VP & CFO
Transactions
- Award
Common Stock
2013-05-01+74,267→ 222,207 total
Holdings
- 4,342(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]Shares of restricted stock granted pursuant to the Lender Processing Services, Inc. Amended and Restated 2008 Omnibus Incentive Plan. Subject to the performance-based restrictions in the next sentence, 1/3 of the awards vest on each of the first three anniversaries of the date of grant. In addition, the Company must achieve the following performance objectives during the performance periods in order for the shares to vest: (i) as to 1/3 of the shares, an annual operating margin of at least 14% from April 1, 2013 through December 31, 2013; (ii) as to 1/3 of the shares, an annual operating margin of at least 14% from January 1, 2014 through Decembe 31, 2014; and (iii) as to 1/3 of the shares, an annual operating margin of at least 14% from January 1, 2015 through December 31, 2015. Dividends on the restricted stock will be accrued, and paid only upon vesting of the related shares.