RITTER JERRY E 4
4 · BROWN SHOE CO INC · Filed Jun 1, 2004
Insider Transaction Report
Form 4
RITTER JERRY E
Director
Transactions
- Award
Restricted Stock Units
2004-05-27+1,600→ 1,600 total→ Common Stock (1,600 underlying) - Disposition to Issuer
Common Stock
2004-05-27−1,600→ 2,950 total - Award
Restricted Stock Units
2004-05-27+1,100→ 2,700 total→ Common Stock (1,100 underlying)
Footnotes (3)
- [F1]On 5/27/04 Brown Shoe Company, Inc. (the "Company") granted Jerry E. Ritter (the "Director") 1,600 restricted stock units in consideration for the cancellation of 1,600 shares of restricted stock previously granted to the Director by the Company on 5/26/03. As a result of this exchange, the Director received no cash proceeds from the disposition of the restricted stock.
- [F2]Each restricted stock unit represents a contingent right to receive the fair market value of a share of common stock of the Company.
- [F3]Vesting of each restricted stock unit is contingent upon the Director's continued service as a director of the Company for a period of one year after the date of grant. The restricted stock units will be settled in cash on the date the Director's service as a director terminates or such other date as the Director may elect.