AIR PRODUCTS & CHEMICALS INC /DE/ 4
4 · AIR PRODUCTS & CHEMICALS INC /DE/ · Filed Jan 23, 2004
Insider Transaction Report
Form 4
THOMAS LAWRASON D
Director
Transactions
- Award
04 Director Options
2004-01-22+2,000→ 2,000 totalExercise: $49.68From: 2004-07-22Exp: 2014-01-23→ Common Stock (2,000 underlying) - Award
Phantom Stock
2004-01-22$49.68/sh+1,100$54,648→ 18,005.091 totalExercise: $0.00From: 1988-08-08Exp: 1988-08-08→ Common Stock (1,100 underlying)
Footnotes (4)
- [F1]Director Stock Options granted under the issuer's Stock Option Program for Directors of the Company's Long-Term Incentive Plan.
- [F2]The Options expire the earlier of (i) 1/23/2014 and (ii) the date as of which the director ceases to serve as a member of the Board of Directors of the issuer before serving six full years (other than due to his or her death or disability).
- [F3]Phantom deferred stock units (Units) acquired under the Air Products Stock Account of the issuer's Deferred Compensation Program for Directors, of the Company's Long-Term Incentive Plan (the Plan). Under the Plan, all non-employee directors are credited with Units for the portion of their Board retainer required to be received in this form and they are permitted to defer receiving payment of all or a portion of the remainder of their Board and Committee retainers and meeting fees.
- [F4]These units are generally payable in the form of shares of Common Stock equal in number to the units, after the reporting person's service on the issuer's Board of Directors ends, in a lump sum or up to ten installments as elected by the reporting person in advance.