Entropic Communications's Senior VP Global Sales just picked up 20,161 shares


Charlie Lesko, Entropic Communications's Senior VP Global Sales, recently acquired 20,161 shares of the company. The buys took place at prices ranging from $0.00 to $3.96 per share, on August 20, 2013. Lesko now owns 24,368 shares of the company. Lesko operates out of San Diego, CA. Some additional info was provided as follows:

Shares have been surrendered to the issuer to satisfy the reporting person's tax withholding obligation due on vesting of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The shares vest over a four year period, with 25% vesting on the first quarterly vesting date following the 1st, 2nd, 3rd and 4th anniversary of the grant date. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The shares vest over a two year period, with 50% vesting on the first quarterly vesting date following the 1st and 2nd anniversary of the grant date. Additionally, grant is subject to accelerated vesting on the terms and conditions set forth in such individual's Change of Control Agreement.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

To receive a free e-mail notification whenever Entropic Communications makes a similar move, sign up!

   Auto Refresh

Feedback