Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
The number of RSUs includes 902 performance-based RSUs and 3,000 time-based RSUs. The 902 performance-based RSUs represent the target number of RSUs that may be earned based on the achievement of certain performance criteria. The actual number of RSUs awarded may vary between 0 and twice the target, depending on the Company's performance. The 3,000 time-based RSUs vest in three equal installments beginning on 3/1/13.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
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