1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock-settled stock appreciation rights to buy
(2)
|
(3)
|
05/15/2011 |
Common Stock
|
15,662
|
$
13.47
|
D
|
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
On May 15, 2006, upon commemcement of his employment with PDI, Inc. as its Chief Financial Officer and Treasurer, Mr. Smith was granted 7,424 restricted shares of common stock which vest on May 15, 2009. |
(2) |
On May 15, 2006, upon commemcement of his employment with PDI, Inc. as its Chief Financial Officer and Treasurer, Mr. Smith was granted 15,662 stock-settled stock appreciation rights to buy common stock which vest ratably over the three-year period ending May 15, 2009. |
(3) |
The grant vests ratably over the three-year period ending May 15, 2009. |