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UNIVERSAL TECHNICAL INSTITUTE INC — Director's Dealing 2010
Sep 16, 2010
31931_dirs_2010-09-16_6a456375-5d25-49d1-a711-383ba9bdad86.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK: 0001261654
Period of Report: 2010-09-14
Reporting Person: Riggs Thomas E (SVP Campus Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-14 | Common Stock, $0.0001 par value | A | 8389 | $0.00 | Acquired | 23772 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-14 | Performance Shares | $0.00 | A | 1845 | Acquired | 2013-11-15 | Common Stock, $0.0001 par value (1845) | Direct |
Footnotes
F1: The Board of Directors approved the grant on September 14, 2010. The restricted stock vests in four annual equal installments.
F2: Amount increased due to a ESPP purchase of 65 shares on 6/30/2010.
F3: The Board of Directors approved the grant on September 14, 2010. Each Performance Share represents a contingent right to receive one share of Universal Technical Institute, Inc. common stock. The Performance Shares vest upon achievement of certain performance criteria based on total shareholder return, with a measurement period starting October 1, 2010 - September 30, 2013. Performance Shares will vest on November 15, 2013. The actual number of shares of common stock issued at the time of vesting can range from 0% to 200% depending on the total shareholder return achieved in the measurement period.