AIR PRODUCTS & CHEMICALS INC /DE/ 4
4 · AIR PRODUCTS & CHEMICALS INC /DE/ · Filed Oct 3, 2007
Insider Transaction Report
Form 4
Sherman Scott A
Sr. V.P. and G.M.
Transactions
- Award
Common Stock
2007-10-02+2,276→ 28,716 total - Other
Common Stock
2007-10-02+100.89→ 3,113.12 total(indirect: By RSP) - Award
2008 Rights
2007-10-01+24,087→ 24,087 totalFrom: 1988-08-08Exp: 2017-10-02→ Common Stock (24,087 underlying) - Award
2008 Stock Options
2007-10-01+24,087→ 24,087 totalExercise: $98.85From: 1988-08-08Exp: 2017-10-02→ Common Stock (24,087 underlying)
Footnotes (6)
- [F1]Transactions not required to be reported since last filing.
- [F2]Shares represented by units of interest in the Company Stock Fund held under the issuer's Retirement Savings Plan.
- [F3]The Options include contractual rights (Rights) similar to employee restricted appreciation rights with exercise dates only during a 30 day period following a change in control of the Company (as defined in the LTIP). Exercise of Rights cancels the related Options on a one-for-one basis and entitles the reporting person to receive a cash payment equal to the fair market value of a share of Common Stock on the date of exercise (as defined int he LTIP) minus the option exercise price.
- [F4]Rights have exercise dates only during a 30 day period following a change in control of the Company (as defined in the LTIP).
- [F5]Employee Stock Options (Options) granted under the issuer's Long-Term Incentive Plan (LTIP). Exercise of these Options cancels the related Rights described herein on a one-for-one basis.
- [F6]One-third become exercisable on 10/1/2008; one-third become exercisable on 10/1/2009; and one-third become exercisable on 10/1/2010.