Sec Form 4 Filing - Lurker Nancy @ PDI INC - 2015-03-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Lurker Nancy
2. Issuer Name and Ticker or Trading Symbol
PDI INC [ PDII]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
C/O PDI INC., MORRIS CORPORATE CENTER 1,, BUILDING A, 300 INTERPACE PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
03/05/2015
(Street)
PARSIPPANY, NJ07054
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock ( 1 ) 427,317 D
Common Stock 55,000 I by IRA
Common Stock 1,000 I By Self as Custodian for Daughters
Common Stock 50,000 I By Spouse
Common Stock ( 2 ) 03/05/2015 A 444,364 A $ 1.73 871,681 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Rights $ 6.41 ( 3 ) 01/31/2017 Common stock 111,684 111,684 D
Stock Appreciation Rights $ 5.44 ( 4 ) 04/04/2018 Common Stock 141,700 253,384 D
Stock Appreciation Rights $ 5.1 ( 5 ) 02/26/2019 Common Stock 177,665 431,049 D
Stock Appreciation Rights $ 5.1 ( 6 ) 02/26/2019 Common Stock 188,165 619,214 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lurker Nancy
C/O PDI INC., MORRIS CORPORATE CENTER 1,
BUILDING A, 300 INTERPACE PARKWAY
PARSIPPANY, NJ07054
X CEO
Signatures
Nancy S. Lurker 03/09/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 51,320 restricted shares of common stock that vest on April 4, 2016 and 63,177 restricted shares of common stock that vest on February 26, 2017.
( 2 )Restricted shares of common stock that vest on March 5, 2018.
( 3 )Currently exercisable.
( 4 )Stock appreciation rights that are currently one-third vested, and the remaining two-thirds vest one-half on each of 4/4/15 and 4/4/16.
( 5 )Stock appreciation rights that are currently one-third vested and the remaining two-thirds vest one-half on each of 2/26/16 and 2/26/17.
( 6 )Performance contingent stock appreciation rights ("SARs"). There are 36,496 SARs currently vested. The remaining SARs vest as follows: 64,460 on 2/26/16 and 87,209 on 2/27/17. The SARs are only exercisable if the performance conditions are met.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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