KERKER CYNTHIA M. 4
4 · FERRO CORP · Filed Feb 9, 2005
Insider Transaction Report
Form 4
FERRO CORPFOE
KERKER CYNTHIA M.
VP, Corporate Planning & Dev
Transactions
- Award
Common Stock - Restricted
2005-02-07$19.39/sh+1,000$19,390→ 1,000 total - Award
Stock Options (Right to buy)
2005-02-07+2,500→ 2,500 totalExercise: $19.39From: 2006-02-07Exp: 2015-02-07→ Common Stock (2,500 underlying)
Holdings
- 210.11(indirect: Investment Savings Plan)
Common Stock
- 2,500
Stock Options (Right to buy)
Exercise: $26.00From: 2004-05-03Exp: 2014-05-03→ Common Stock (2,500 underlying)
Footnotes (2)
- [F1]Restricted shares of common stock granted under the Performance Share Plan. Restrictions expire based upon degree of acheivement of performance goal. At the end of the performance period, 50% of award is paid in shares free of restrictions, and 50% ispaid in cash. If the amount awarded is less than 100% of the restricted shares, the balance is forfeited to the company.
- [F2]Stock Option Grant. Ten year life; 25% vesting the first four years. Upon retirement, unvested options become fully vested and availalble to exercise for the remaining life of the options.