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This excerpt taken from the EXAR DEF 14A filed Jul 23, 2009. Restricted Stock Units The awards reported in Column (i) of the table reflect awards of restricted stock units. Each restricted stock unit represents a contractual right to receive one share of Common Stock upon vesting. Except for the grant to Mr. Long, the awards of restricted stock units granted to the Named Executive Officers during fiscal year 2009 are subject to a four-year vesting schedule, with 25% of the award vesting on each of the first four anniversaries of the grant date, subject to the Named Executive Officer’s continued employment with the Company through the vesting date. As noted above, the grant to Mr. Long was made pursuant to the Company’s option exchange program in exchange for the cancellation of outstanding options tendered by Mr. Long under the program. The restricted stock units granted to Mr. Long under the program are scheduled to vest with respect to 50% of the units subject to the award on each of the first two anniversaries of the grant date. The Named Executive Officers do not have the right to vote or dispose of the restricted stock units, but do have the right to receive cash payments as dividend equivalents based on the amount of dividends (if any) paid by the Company during the term of the award on a number of shares equal to the number of outstanding and unpaid restricted stock units then subject to the award. Such payments are made at the same time the related dividends are paid to the Company’s stockholders generally.
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This excerpt taken from the EXAR DEF 14A filed Sep 5, 2008. Restricted Stock Units The awards reported in Column (i) of the table reflect awards of restricted stock units, except that Mr. Leza’s award in August 2007 and Mr. Schmitt’s award in November 2007 were grants of fully vested stock. Each restricted stock unit represents a contractual right to receive one share of our Common Stock. The awards of restricted stock units granted to our Named Executive Officers (other than Messrs. Leza and McFarlane) during fiscal 2008 are generally subject to a three-year vesting schedule subject to such Named Executive Officer’s continued employment with us through the vesting date. The grants to Messrs. Leza and McFarlane in October 2007 were made under our Non-Employee Director compensation program as described below under “Director Compensation.” The Named Executive Officer does not have the right to vote or dispose of the restricted stock units, but does have the right to receive cash payments as dividend equivalents based on the amount of dividends (if any) paid by the Company during the term of the award on a number of shares equal to the number of outstanding and
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unpaid restricted stock units then subject to the award. Such payments are made at the same time the related dividends are paid to our stockholders generally. This excerpt taken from the EXAR 10-K filed Jul 28, 2008. Restricted Stock Units The awards reported in column (i) of the table reflect awards of restricted stock units, except that Mr. Leza’s award in August 2007 and Mr. Schmitt’s award in November 2007 were grants of fully vested stock. Each restricted stock unit represents a contractual right to receive one share of our Common Stock. The awards of restricted stock units granted to our Named Executive Officers (other than Messrs. Leza and McFarlane) during fiscal 2008 are generally subject to a three-year vesting schedule subject to such Named Executive Officer’s continued employment with us through the vesting date. The grants to Messrs. Leza and McFarlane in October 2007 were made under our Non-Employee Director compensation program as described below under “Director Compensation.” The Named Executive Officer does not have the right to vote or dispose of the restricted stock units, but does have the right to receive cash payments as dividend equivalents based on the amount of dividends (if any)
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Table of Contentspaid by the Company during the term of the award on a number of shares equal to the number of outstanding and unpaid restricted stock units then subject to the award. Such payments are made at the same time the related dividends are paid to our stockholders generally. This excerpt taken from the EXAR DEF 14A filed Sep 11, 2007. Restricted Stock Units Column (i) of the table above reports awards of restricted stock units granted to our Named Executive Officers for fiscal 2007. Each restricted stock unit represents a contractual right to receive one share of our common stock. Awards of restricted stock units granted to our Named Executive Officers for fiscal 2007 are subject to a three-year vesting schedule subject to such Named Executive Officer’s continued employment with us through the vesting date. (The restricted stock unit award granted to Mr. Leza during fiscal 2007 was in connection with his service as a member of the Board. The terms of this award are described above under “Proposal 1.”) Mr. Kamsler received 6,000 restricted stock units on March 1, 2007 that vested on May 1, 2007. The Named Executive Officer does not have the right to vote or dispose of the restricted stock units, but does have the right to receive cash payments as dividend equivalents based on the amount of dividends (if any) paid by the Company during the term of the award on a number of shares equal to the number of outstanding and unpaid restricted stock units then subject to the award. Such payments are made at the same time the related dividends are paid to our stockholders generally.
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This excerpt taken from the EXAR 10-K filed Jul 19, 2007. Restricted Stock Units Column (i) of the table above reports awards of restricted stock units granted to our Named Executive Officers for fiscal 2007. Each restricted stock unit represents a contractual right to receive one share of our common stock. Awards of restricted stock units granted to our Named Executive Officers for fiscal 2007 are subject to a three-year vesting schedule subject to such Named Executive Officer’s continued employment with us through the vesting date. The restricted stock unit award granted to Mr. Leza during fiscal 2007 was in connection with his service as a member of the Board. The terms of this award are described below under “Director Compensation.” Mr Kamsler received 6,000 restricted stock units on March 1, 2007 that vested on May 1, 2007. The Named Executive Officer does not have the right to vote or dispose of the restricted stock units, but does have the right to receive cash payments as dividend equivalents based on the amount of dividends (if any) paid by the Company during the term of the award on a number of shares equal to the number of outstanding and unpaid restricted stock units then subject to the award. Such payments are made at the same time the related dividends are paid to our stockholders generally.
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Table of ContentsThis excerpt taken from the EXAR 10-K filed Jun 12, 2007. Restricted Stock Units Total unamortized stock-based compensation expense for our unvested restricted stock units (RSUs) was $2.2 million at March 31, 2007 and is expected to be recognized as compensation expense over a weighted average period of 2.0 years. As allowed by the 2006 Plan, we issue RSUs to employees and non-employee directors. The RSUs we have granted generally vest on the first or third anniversary date from the grant date. The common stock associated with these RSUs is delivered to the individuals on their respective vest dates. A summary of RSU transactions for the fiscal year ended March 31, 2007 and information regarding RSUs outstanding and expected to vest as of March 31, 2007 is as follows:
This excerpt taken from the EXAR 10-Q filed Feb 7, 2007. Restricted Stock Units Total unrecognized compensation cost in connection with these restricted stock units was $1.3 million at December 31, 2006. As allowed by the 2006 Plan, we issue restricted stock units (RSUs) to employees and non-employee directors. The RSUs we have granted generally vest on the first or third anniversary date from the grant date. The common stock associated with these RSUs is delivered to the individuals on their respective vest dates.
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Table of ContentsNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-continued (Unaudited)
A summary of restricted stock unit transactions follows:
This excerpt taken from the EXAR 10-Q filed Nov 8, 2006. Restricted Stock Units We awarded 24,750 shares of restricted stock units to our non-employee directors in September 2006. The restricted stock units vests over a one-year period and have a grant date fair value of $13.60. Total unrecognized compensation cost in connection with these restricted stock units was $0.3 million at September 30, 2006.
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Table of ContentsNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-continued (Unaudited) | EXCERPTS ON THIS PAGE:
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