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 |
Non-Qualified Stock Option (right to buy)
|
Â
(4)
|
05/22/2018 |
Common Stock, $.10 Par Value
|
75,000
|
$
13.7
|
D
|
Â
|
* |
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) |
Contains 14,000 restricted stock units that represent a contingent right to receive one share of the registrant's common stock per unit. The units vest incrementally over four years, with 25% of the total becoming vested on each of the first through the fourth anniversaries of the date of grant (May 22, 2008), contingent upon the reporting person's continued employment with the registrant. This total also contains 28,000 performance units granted on May 22, 2008 that represent a contingent right to receive one share of registrant's common stock per unit. Vesting will occur on May 22, 2011, contingent upon the reporting person's having satisfied certain performance criteria approved by the Compensation Committee of the registrant's Board of Directors, and contingent upon the reporting person's continued employment with the registrant. |
(2) |
These shares are held under the Company's 401(k) Retirement Savings Plan. |
(3) |
These shares are held under the Company's Supplemental Executive Retirement Plan. |
(4) |
This option vests incrementally over four years, with 25% of the total becoming vested on the first anniversary date of the date of grant (May 22, 2008), and 25% each twelve months thereafter until 100% vested. |