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Match Group, Inc. — Director's Dealing 2010
Dec 27, 2010
30682_dirs_2010-12-27_82960a89-0b76-42ec-81a4-2fb6c7c46ce4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: IAC/INTERACTIVECORP (IACI)
CIK: 0000891103
Period of Report: 2010-12-22
Reporting Person: BLATT GREGORY R (Director, CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-12-22 | Options to Purchase Common Stock, par value $0.001 | $32.00 | A | 750000 | Acquired | 2020-12-01 | Common Stock, par value $0.001 (750000) | Direct |
| 2010-12-22 | Restricted Stock Units | $0 | A | 375000 | Acquired | 2014-12-01 | Common Stock, par value $0.001 (375000) | Direct |
Footnotes
F1: Represents stock options granted on December 22, 2010 pursuant to the Company's 2008 Stock and Annual Incentive Plan, 50% of which vest on December 1, 2012, 25% of which vest on December 1, 2013 and 25% vest on December 1, 2014.
F2: Represents the maximum number of restricted stock units that could vest pursuant to the terms of the award, which provide that the number of restricted units to be earned and vested on each vesting date will be determined by the ratio of (i) the average of the closing prices of IAC Common Stock for the 20 trading days preceding the applicable vesting date, divided by (ii) the closing price of IAC Common Stock on the grant date; provided, however, that in no event shall the number of restricted stock units ultimately earned and vested over the four year term of the award be less than 125,000 or more than 375,000 in the aggregate.
F3: Represents restricted stock units granted on December 22, 2010 pursuant to the Company's 2008 Stock and Annual Incentive Plan, 50% of which vest on December 1, 2012, 25% of which vest on December 1, 2013 and 25% vest on December 1, 2014, subject to the satisfaction of certain performance-related conditions.