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 |
Salary Stock Units
(1)
(2)
|
Â
(3)
|
Â
(3)
|
Common Stock
|
3,474
(4)
|
$
(5)
|
D
|
Â
|
Salary Stock Units
(1)
(6)
|
Â
(3)
|
Â
(3)
|
Common Stock
|
5,211
(4)
|
$
(5)
|
D
|
Â
|
Salary Stock Units
(1)
(7)
|
Â
(3)
|
Â
(3)
|
Common Stock
|
2,550
(4)
|
$
(5)
|
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) |
Pursuant to the Company's Salary Stock Plan (the "GMSSP") each Salary Stock Unit is fully vested upon grant and represents a right to receive one share of the Company's common stock on the applicable settlement date (with certain exceptions); provided, however, that any settlement before May 17, 2011 will be made by the delivery in cash in an amount equal to the Fair Market Value (as defined in the GMSSP) of the Company's common stock as of the applicable anniversary date of the SSU's grant. |
(2) |
The SSUs reported in this item were awarded on June 30, 2010 and will be settled in three equal, annual installments beginning on June 30, 2011. |
(3) |
The SSUs do not have an expiration or exercise price. |
(4) |
On November 1, 2010, the Company amended its certificate of incorporation to effect a stock split in which each issued and outstanding share of common stock was converted into three shares of common stock. Pursuant to the terms of the GMSSP, each issued and outstanding SSU was automatically converted into three SSUs, so that the June 30, 2010 grant of 1,158 SSUs has been converted into 3,474 SSUs and the September 30, 2010 grant of 1,737 SSUs has been converted into 5,211 SSUs. |
(5) |
The SSUs do not carry a conversion or exercise price. |
(6) |
The SSUs reported in this item were awarded on September 30, 2010 and will be settled in three equal, annual installments beginning on September 30, 2011. |
(7) |
The SSUs reported in this item were awarded on December 31, 2010 and will be settled in three equal, annual installments beginning on December 31, 2011. |