BLACK & DECKER CORP 4
4 · BLACK & DECKER CORP · Filed Apr 23, 2007
Insider Transaction Report
Form 4
AUGUSTINE NORMAN R
Director
Transactions
- Award
Phantom Stock
2006-04-20$88.22/sh+2,856.495$252,000→ 19,947.401 total→ Common Stock (2,856.495 underlying)
Footnotes (3)
- [F1]The shares of Phantom Stock convert to Common Stock on a 1 for 1 basis.
- [F2]The referenced Phantom Stock was acquired pursuant to the deferred compensation provisions of the Non-Employee Directors Stock Plan (the "Stock Plan") and will be settled in shares of Common Stock under the terms of the Stock Plan upon the reporting person's termination of service as a director. The reporting person elected to acquire the Phantom Stock in lieu of cash and Common Stock otherwise payable by the Corporation to the reporting person.
- [F3]Includes 299.8567 shares of Phantom Stock accrued pursuant to a dividend reinvestment feature of the Stock Plan.