WELCH STEPHEN 4/A
4/A · TODD SHIPYARDS CORP · Filed Jul 9, 2009
Insider Transaction Report
Form 4/AAmended
WELCH STEPHEN
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Todd Shipyards Corp Common Stock
2009-07-06+1,000→ 137,545 total - Exercise/Conversion
Todd Shipyards Corp Common Stock
2009-07-01+1,200→ 138,745 total - Exercise/Conversion
Todd restricted stock units
2009-07-01−1,200→ 4,800 total→ Common Stock (1,200 underlying) - Exercise/Conversion
Todd restricted stock units
2009-07-06−1,000→ 3,000 total→ Common Stock (1,000 underlying)
Holdings
- 11,253(indirect: By 401(k))
Todd Shipyards Corp Common Stock
- 10,000
Todd stock appreciation rights
Exercise: $14.48→ Common Stock (10,000 underlying) - 6,000
Todd restricted stock units
→ Common Stock (6,000 underlying) - 10,000
Todd stock appreciation rights
Exercise: $21.02→ Common Stock (10,000 underlying) - 10,000
Todd stock appreciation rights
Exercise: $16.98→ Common Stock (10,000 underlying)
Footnotes (16)
- [F1]Received upon vesting/conversion of restricted stock units previously awarded under Incentive Stock Plan. No consideration was paid to Todd either at time of award or at time of conversion.
- [F10]The SARs vest as to 3,333 units on each July 1 commencing in 2009 (through 2011).
- [F11]The RSUs vest and convert to Todd Common Stock as to 1000 units on each July 6 commencing in 2008 (through 2012).
- [F12]By virtue of vesting, the RSUs will expire on July 6, 2012 or, as to non-vested units, upon certain termination events.
- [F13]Upon exercise of the SARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $16.98, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.
- [F14]The SARs vest as to 3,333 units on each July 1 commencing in 2010 (through 2012).
- [F15]The RSUs vest and convert to Todd Common Stock as to 1200 units on each July 1 commencing in 2010 (through 2014).
- [F16]By virtue of vesting, the RSUs will expire on July 1, 2014 or, as to non-vested units, upon certain termination events.
- [F2]Upon exercise of the SARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $21.02, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.
- [F3]The SARs vest as to 3,333 units on each July 6 commencing in 2008 (through 2010).
- [F4]Upon certain termination events, earlier as to non-vested units.
- [F5]Each RSU represents the right to receive one share of Todd Common Stock, subject to adjustment as provided in the grant agreement.
- [F6]The RSUs vest and convert to Todd Common Stock as to 1200 units on each July 1 commencing in 2009 (through 2013).
- [F7]By virtue of vesting, the RSUs will expire on July 1, 2013 or, as to non-vested units, upon certain termination events.
- [F8]Granted under the Todd Shipyards Incentive Stock Plan.
- [F9]Upon exercise of the SARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $14.48, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.