Galley Thomas C 4
4 · National CineMedia, Inc. · Filed Apr 29, 2009
Insider Transaction Report
Form 4
Galley Thomas C
EVP, Chief Tech. & Ops. Off.
Transactions
- Award
Common Stock
2009-04-28+28,976→ 68,856 total - Award
Employee stock option (right to buy)
2009-04-28+86,927→ 86,927 totalExercise: $9.22Exp: 2019-01-14→ Common Stock (86,927 underlying)
Footnotes (3)
- [F1]On January 15, 2009, the compensation committee of National CineMedia, Inc. (the "Issuer") approved the grant of restricted stock and stock options to the reporting person, subject to stockholder approval of (i) an amendment to the Issuer's 2007 Equity Incentive Plan to increase the maximum number of shares of the Issuer's common stock available for issuance from 2,576,000 shares to 7,076,000 shares, and (ii) the use of "Free Cash Flow" (defined as Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA") less capital expenditures) as the performance measure for vesting of shares of the restricted stock. The Issuer's stockholders approved these matters on April 28, 2009.
- [F2]Represents shares of restricted stock which will vest based upon achievement of the actual cumulative Free Cash Flow target at the end of the three-year measuring period.
- [F3]The option vests in three equal annual installments beginning on January 15, 2010.