HUGHES SUPPLY INC 4
4 · HUGHES SUPPLY INC · Filed Sep 9, 2003
Insider Transaction Report
Form 4
WARD THOMAS M II
Senior Vice President
Transactions
- Award
Common Stock
2002-08-21+10,000→ 55,000 total
Holdings
- 6,000
Option
Exercise: $32.57From: 2003-08-21Exp: 2012-08-21→ Common Stock (6,000 underlying) - 10,000
Option
Exercise: $17.13From: 2000-05-16Exp: 2010-05-16→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]Reporting Person holds rights related to a security pursuant to Company's August 21, 2002 Stock Performance Plan. Pursuant to such plan, Reporting Person is entitled to receive awards of performance-based restricted shares of Company's common stock in 5 increments, each equal to 20% of the number of shares set forth in Column 4 herein, as Company's average closing stock price over a 20-day period reaches the following 5 thresholds: $40.58, $47.34, $54.11, $60.87 and $67.64. Once such shares are awarded, Reporting Person acquires voting and dividend rights, but Company holds such shares as custodian until earlier of: 5 years, Reporting Person attains age 65, death or disability of Reporting Person or change in control of Company, at which point such shares become fully vested. If Reporting Person's employment with Company terminates prior to such shares vesting, Reporting Person's shares under this plan are forfeited. None of above thresholds have been reached to date.