QLOGIC CORP 4
4 · QLOGIC CORP · Filed Jun 7, 2013
Insider Transaction Report
Form 4
QLOGIC CORPQLGC
DESAI HK
DirectorCEO & Chairman
Transactions
- Award
Performance Restricted Stock Unit
2013-06-06+45,800→ 45,800 totalExercise: $0.00From: 2014-06-06→ Common Stock (45,800 underlying) - Award
Restricted Stock Unit
2013-06-06+68,700→ 68,700 totalExercise: $0.00From: 2014-06-06→ Common Stock (68,700 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of QLogic common stock.
- [F2]The restricted stock units vest in four equal annual installments beginning one year from the date of grant.
- [F3]Each performance restricted stock unit represents a contingent right to receive shares of QLogic common stock subject to the achievement of specific objectives.
- [F4]The performance restricted stock units vest as to 50% of the shares on the second anniversary of the date of grant, and 25% of the shares vesting annually thereafter, subject to the achievement of specific objectives.