As to that .70, that would only be the basis for the shares you purchased. It would have nothing to do with the shares that are distributed to you, which, by the way, would have a holding period starting on the day of the actual distribution, which may or may not be the day the shares actually show up in your account. The date of the release of the restriction also has no bearing on the start of the holding period.
Good to see you on the board. Long time, no see.