Norman Dennis 4/A

4/A · POLYMER GROUP INC · Filed May 12, 2010

Form 4/AAmended

Period: 2010-04-23

Chief Financial Officer

Transactions

Award
Class A Common Stock
2010-04-23$82.51/sh+8,251$680,790→ 27,612 total
Award
Class A Common Stock
2010-04-26$30000.00/sh+5,000$150,000,000→ 32,612 total
Award
Restricted Stock Units
2010-04-23+16,502→ 19,502 total
→ Class A Common Stock (16,502 underlying)
Tax Payment
Class A Common Stock
2010-04-26$20.00/sh−1,500$30,000→ 31,112 total
Tax Payment
Class A Common Stock
2010-04-26$20.00/sh−1,135$22,700→ 29,977 total

Footnotes (7)

[F1]The shares of restricted stock were granted to the reporting person under the terms of the Polymer Group, Inc. 2008 Long-Term Stock Incentive Plan on 4/23/2010 pursuant to Rule 16b-3 and vest immediately.
[F2]The shares of stock were granted to the reporting person as a result of exercising previously granted options under the Polymer Group, Inc. 2003 Stock Option Plan on 4/26/2010 pursuant to Rule 16b-3 and vest immediately.
[F3]The shares of stock were withheld by the issuer in order to satisfy the exercise price for options exercised on 4/26/2010.
[F4]The shares of stock were withheld by the issuer in order to satisfy income tax withholding requirements relating to the options exercised on 4/26/2010.
[F5]The Restricted Stock Units were granted to the reporting person under the terms of the Polymer Group, Inc. 2008 Long-Term Stock Incentive Plan on 4/23/2010 pursuant to Rule 16b-3.
[F6]Each Restricted Stock Unit represents a contingent right to receive one share of Polymer Group, Inc., Class A Common Stock, par value $.01 per share.
[F7]Subject to the achievement of certain performance conditions and unless earlier forfeited under its terms, the award, at targeted performance, will vest in three annual installments of 5,501 on 3/25/11, 5,501 on 3/25/12 and 5,500 on 3/25/13, respectively. Vested shares will be delivered to the reporting person within 30 days of the vesting date, subject to the terms of the award.

Documents

1 file