AMERICAN INTERNATIONAL GROUP INC 4
4 · AMERICAN INTERNATIONAL GROUP INC · Filed Dec 17, 2004
Insider Transaction Report
Form 4
SANDLER ROBERT MICHAEL
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2004-12-15$15.31/sh+8,649$132,405→ 315,630 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2004-12-15−11,329→ 0 totalExercise: $15.31From: 1998-12-15Exp: 2004-12-15→ Common Stock (11,329 underlying)
Footnotes (2)
- [F1]On December 15, 2004, Mr. Sandler exercised options for 11,329 shares using previously owned shares to pay for options granted pursuant to the 1991 Employee Stock Option Plan. This acquisition reflects the number of options exercised less the 2,680 shares surrendered to purchase the option.
- [F2]These options were granted under AIG's 1991 Employee Stock Option Plan. Pursuant to the terms of the plan, 25% of the option becomes exercisable on the anniversary date of the grant in each of the four years following the grant.