1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units
(1)
|
03/01/2013(1)
|
03/01/2013(1)
|
Common Stock
|
33
(1)
|
$
(1)
|
D
|
Â
|
Restricted Stock Units
(2)
|
Â
(2)
|
Â
(2)
|
Common Stock
|
1,596
|
$
(2)
|
D
|
Â
|
Restricted Stock Units
(3)
|
Â
(3)
|
Â
(3)
|
Common Stock
(3)
|
1,185
(3)
|
$
(3)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The restricted stock units (RSUs) reported herein were granted to the reporting person under the issuer's Management Stock Purchase Program (MSPP). Under the MSPP, participants may elect in advance to defer a percentage of such participant's bonus into the receipt of RSUs at a 33% discount from the market price of the issuer's common stock on the date of award. These RSUs cliff vest after 3 years from the date of award and convert into shares of common stock on a 1 for 1 basis. The fair market price of the issuer's stock on the date of award was $30.91. |
(2) |
The Restricted Stock Units (RSUs) granted herein are in connection with the Company's long-term incentive plan. The RSUs reported herein represent the remaining unvested 3/4 of the original grant of 2,128 RSUs. The original award vests in 4 equal installments on September 3, 2010, August 3, 2011, August 3, 2012, August 3, 2013 and convert into shares of common stock on a one-for-one basis unless the executive previously has selected a longer deferral period. Market price at time of grant $23.50 |
(3) |
The Restricted Stock Units (RSUs) granted herein are in connection with the Company's long-term incentive plan. The RSUs reported herein represent the original grant of 1,185 RSUs. The original award vests in 3 equal installments on March 28, 2012, February 28, 2013 and February 28, 2014 and convert into shares of common stock on a one-for-one basis unless the executive previously has selected a longer deferral period. Market price at time of grant $39.00. |
(4) |
The Restricted Stock Units (RSUs), the conversion of which are reported herein, were granted to the reporting person by the issuer as part of the equity incentive grants made by the issuer on 08/03/2009. On that date the fair market value of a share of the issuer's stock was $23.50. The RSUs vest in equal portions over a 4 year period and are received by the reporting person upon vesting unless the reporting person has previously elected a longer deferral period. This report reflects the vesting of the first one-fourth of these RSUs, the acquisition by the reporting person of the underlying shares and the withholding by the issuer of sufficient shares to pay income taxes required to be withheld from the reporting person. |