Some additional info was provided as follows:
These performance shares are excercisable over a period of four years from the date of the grant, with 1/4 vesting on December 20, 2014 and 1/4 vesting on each of the next three anniversaries, with the first quarterly installment vesting on the date that is 2 months and 11 days from the grant date and is subject to adjustment, acceleration and forfeit as more fully described in the Restricted Unit Award Certificate dated October 9, 2013 between the Issuer and the Reporting Person.
The Performance Shares were granted to the reporting person by the Issuer as the stock-based portion of his fee for service as an officer for 2013 and approved by the Board of Directors.
15,000 deferred restricted common shares vest ratably over a four-year period, with 3,750 units vesting on December 21, 2013, 3,750 shares vesting on December 21, 2014, 3,750 shares vesting on December 21, 2015, and 3,750 shares vesting on December 21, 2016, subject to the Reporting Person's continued employment with the Issuer. As these deferred restricted common shares vest, the underlying common shares will be delivered to the Reporting Person.
Each Performance Share awarded to the reporting person represents the right to receive one share of the Issuer's common stock on December 21, 2016, as specified in the Restricted Stock Unit Agreement.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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