4//SEC Filing
SAFFELL CHARLES R 4
Accession 0000032258-03-000275
CIK 0000032258other
Filed
Sep 4, 8:00 PM ET
Accepted
Sep 5, 7:18 PM ET
Size
14.0 KB
Accession
0000032258-03-000275
Insider Transaction Report
Form 4
TITAN CORPTTN
SAFFELL CHARLES R
DirectorSenior Vice President
Transactions
- Discretionary Transaction
Common Stock in ESOP
2003-09-04+26.306→ 257.306 total(indirect: By Trust) - Discretionary Transaction
Common Stock in 401(k) Plan
2003-09-04+585.398→ 1,720.398 total(indirect: By 401(k)) - Exercise/Conversion
Employee Stock Options (right to buy)
2003-09-04−62,000→ 52,779 totalExercise: $1.59From: 2000-03-19Exp: 2009-03-19→ Common Stock (6,725 underlying) - Exercise/Conversion
Common Stock
2003-09-04$1.59/sh+62,000$98,580→ 62,000 total - Sale
Common Stock
2003-09-04$16.30/sh−62,000$1,010,420→ 6,725 total
Footnotes (4)
- [F1]Exercise and sale of Employee Stock Options (right to buy) through an issuer approved 10b5(1) Sales Plan. The stock options were exercisable as to 25% of the total grant on March 19, 2000 and thereafter as to 1/48th of the total grant amount on the first of each month until fully vested on March 1, 2003.
- [F2]Shares of the issuer acquired by reporting person through 401(k) Plan "employer match" contributions from January 1, 2003 through July 21, 2003 at prices ranging from $7.01 to $11.28 per share, in transactions exempt from reporting under Rule 16b-3(c). The information is presented as of September 4, 2003.
- [F3]Shares of the issuer acquired by reporting person since January 1, 2003, pursuant to the terms of The Titan Corporation Employee Stock Ownership Plan (ESOP), a proportionate percentage of the SureBeam shares received in each participants account were sold every two weeks over the course of twelve months, and the proceeds used to purchase unrestricted shares of the issuer. The shares were acquired at prices ranging from $7.37 to $11.61 per share, in transactions exempt from reporting under Rule 16b-3(c). The information is presented as of September 4, 2003.
- [F4]Represents number of issuer Employee Stock Options (right to buy) held by the reporting person after the exercise and sale of the 62,000 shares in THIS transaction is deducted from previous total carried forward from Form 4 previously filed by the reporting person dated March 13, 2003.
Issuer
TITAN CORP
CIK 0000032258
Entity typeother
Related Parties
1- filerCIK 0001190937
Filing Metadata
- Form type
- 4
- Filed
- Sep 4, 8:00 PM ET
- Accepted
- Sep 5, 7:18 PM ET
- Size
- 14.0 KB