CHARMING SHOPPES INC 4
4 · CHARMING SHOPPES INC · Filed Jun 23, 2006
Insider Transaction Report
Form 4
LUCE MICHAEL W
Director
Transactions
- Award
Common Stock
2006-06-22+7,500→ 20,582 total - Award
Non-Qualified Stock Option (right to buy)
2006-06-22$11.28/sh+7,500$84,600→ 7,500 totalExercise: $11.28From: 2007-06-01Exp: 2016-06-22→ Common Stock (7,500 underlying)
Footnotes (3)
- [F1]Restricted Share Units ("RSU") automatically granted under the Company's 2003 Non-Employee Directors Compensation Plan, as amended, for no consideration other than services, in a transaction exempt under Rule 16b-3(d), which will vest and become non-forfeitable at June 1, 2007 or earlier in the event of death, disability, a change in control, or termination of service as a director in certain other circumstances. RSUs will be settled upon vesting, except that the Reporting Person may elect to defer settlement, in which case deferred RSUs will be settled solely by delivery of shares in a lump sum or in installments at or following the Reporting Person's termination of service as a director in accordance with such deferral election.
- [F2]Stock option granted under Charming Shoppes, Inc. 2003 Non-Employee Directors Compensation Plan, as amended, for no consideration other than services, in a transaction exempt under Rule 16b-3(d).
- [F3]Option becomes exercisable for 100% of the underlying shares beginning on the date indicated, subject to earlier vesting in the event of death, disability, a change in control, or termination of service as a director in certain other circumstances.