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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 Unit Rights | (1) | 01/23/2008 | A | 300,000 | (1) | (1) | Common Stock | 300,000 | $ 0 | 300,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Fennessy Richard A 1305 WEST AUTO DRIVE TEMPE, AZ 85284 |
X | President and CEO |
Richard A. Fennessy | 01/25/2008 | |
**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 Right represents a contingent right to receive a share of Insight's common stock. The Rights will be paid: as to 20% of the shares on 2/15/2009 if the 20-day average closing price for Insight's common stock (the 20-day Average) reaches or exceeds $25.00 no later than 2/15/2009; as to 30% of the shares on 2/15/2010 if the 20-day Average reaches or exceeds $30.00 between 2/16/2009 and 2/15/2010, and as to 50% of the shares on 2/15/2011 if the 20-day Average reaches or exceeds $35.00 between 2/16/2010 and 2/15/2011. Any remaining unpaid Rights will be paid with respect to 1/3 of the shares, and the remaining unpaid Rights will terminate, on 2/15/2013. Each Right will be paid 1/2 in unrestricted shares of Insight's common stock and 1/2 in the form of a grant of restricted stock units that each represent a right to receive a share of Insight common stock on the first anniversary of their respective grant dates. |