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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 05/19/2009 | M | 100,000 | (1) | (3) | Class A Common Stock | 112,500 (4) | (1) | 0 | D | ||||
Performance Units | (5) | 07/02/2009 | A | 125,000 | (5) | (3) | Class A Common Stock | 125,000 | $ 0 | 125,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ballhaus William L 3190 FAIRVIEW PARK DRIVE SUITE 700 FALLS CHURCH, VA 22042 |
X | President & CEO |
/s/ Curtis Schehr, as attorney in fact | 08/18/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each Restricted Stock Unit represented either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day. The RSUs vested upon (i) continued service and (ii) certain Issuer Fiscal Year 2009 performance achievements. The restricted shares granted vest as follows: 37,500 shares vested on 5/19/2009; 37,500 shares will vest on 5/19/2010; and 37,500 shares will vest on 5/19/2011. |
(2) | The price is equal to the closing Class A Common Stock price on the date of vesting, May 19, 2009. |
(3) | Not applicable. |
(4) | On September 3, 2008, the Reporting Person received a grant of Restricted Stock Units that vested (i) 50% based on continued employment and (ii) 50% based on the Issuer's Fiscal year 2009 achievement of performance targets established in accordance with the DynCorp International 2007 Omnibus Incentive Plan. The Issuer exceeded the performance targets and the Reporting Person therefore received an additional 12,500 shares of Class A Common Stock in accordance with the terms of the grant. |
(5) | Each Performance Unit represents either (i) a contingent right to receive a share of DCP Class A Common Stock or (ii) a cash amount equal to the number of shares received multiplied by the closing price of the stock on the vesting day. The Performance Units vest upon the Issuer's satisfaction of certain performance criteria for the period commencing on April 4, 2009 (the beginning of Issuer's fiscal year 2010) and ending on March 30, 2012 (the end of the Issuer's fiscal year 2012). |