ORCL HECTOR J 4
4 · ENESCO GROUP INC · Filed May 24, 2004
Insider Transaction Report
Form 4
ORCI HECTOR J.
Director
Transactions
- Other
Common Stock with Associated Purchase Rights
2004-05-20$8.95/sh+1,676$15,000→ 2,337 total - Award
Option (Right to Buy)
2004-05-20$8.95/sh+2,000$17,900→ 2,000 totalExercise: $8.95Exp: 2014-05-19→ Common Stock with Associated Purchase Rights (2,000 underlying)
Footnotes (3)
- [F1]These shares represent annual compensation for services as a director for 2004, represented by $15,000 in value of shares at $8.95 per share as a portion of the annual retainer.
- [F2]Non-employee stock option granted under the Company's 1999 Non-Employee Director Plan, as amended. Options include the right to have shares withheld to satisfy tax withholding obligations arising from the exercise of the options.
- [F3]Unless determined otherwise by the Board, the earlier of: (i) 25% annual increments commencing on the first anniversary of the date of grant, and (ii) (a) 50% of the shares subject to the option if the fair market value of the shares is above 125% of the exercise price for 10 consecutive trading days, (b) the remaining 50% of the shares if the fair market value of the shares is above 150% of the exercise price for at least 10 consecutive trading days.