AI assistant
PTC INC. — Director's Dealing 2010
Nov 17, 2010
30223_dirs_2010-11-17_c69225cd-9b30-41e4-bfc5-8c17ad253102.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PARAMETRIC TECHNOLOGY CORP (PMTC)
CIK: 0000857005
Period of Report: 2010-11-15
Reporting Person: CUNNINGHAM PAUL J (EVP Worldwide Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-15 | Common Stock | M | 64506 | — | Acquired | 128450 | Direct |
| 2010-11-15 | Common Stock | F | 26933 | $21.79 | Disposed | 101517 | Direct |
| 2010-11-16 | Common Stock | S | 49715 | $20.9239 | Disposed | 51802 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-15 | Restricted Stock Units | $ | M | 16377 | Disposed | Common Stock (16377) | Direct | |
| 2010-11-15 | Restricted Stock Units | $ | M | 16377 | Disposed | Common Stock (16377) | Direct | |
| 2010-11-15 | Restricted Stock Units | $ | M | 31752 | Disposed | Common Stock (31752) | Direct |
Footnotes
F1: Each restricted stock unti represents a contingent right to receive one share of Parametric Technology Corporation common stock.
F2: Tendered to Issuer to satisfy tax withholding obligations of Reporting Person incurred in connection with the vesting of 64,506 shares of the Reporting Person's restricted stock unit awards on November 15, 2010.
F3: This transaction was executed in multiple trades at prices ranging from $20.77 to $21.11. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4: Time-based restricted stock units that vested as to 16,377 RSUs on November 15, 2010 and vest as to 16,377 RSUs on November 15, 2011 and 16,377 RSUs on November 15, 2012.
F5: Performance-based restricted stock units subject to subsequent time-based restrictions that vested as to 16,377 RSUs on November 15, 2010 and vest as to 16,377 RSUs on November 15, 2011 and 16,377 RSUs on November 15, 2012.
F6: Time-based restricted stock untis that vested as to 31,752 RSUs on November 15, 2009 and 31,752 RSUs on November 15, 2010 and will vest as to 31,751 RSUs on November 15, 2011.
F7: This amount represents the total number of derivative securities beneficially owned of the class shown.