WELCH STEPHEN 4

Accession 0000098537-09-000028

CIK 0000098537other

View on SEC.gov Company Profile

Filed

Aug 3, 8:00 PM ET

Accepted

Aug 4, 5:40 PM ET

Size

15.5 KB

Accession

0000098537-09-000028

Insider Transaction Report

Form 4

Period: 2009-08-03

TODD SHIPYARDS CORPTOD

WELCH STEPHEN

DirectorChief Executive Officer

Transactions

Sale
Todd Shipyards Corp Common Stock
2009-08-03$17.80/sh−3,806$67,747→ 134,939 total

Holdings

Todd restricted stock units
→ Common Stock (4,800 underlying)
4,800
Todd restricted stock units
→ Common Stock (3,000 underlying)
3,000
Todd Shipyards Corp Common Stock
(indirect: By 401(k))
11,253
Todd stock appreciation rights
Exercise: $14.48→ Common Stock (10,000 underlying)
10,000
Todd stock appreciation rights
Exercise: $21.02→ Common Stock (10,000 underlying)
10,000
Todd restricted stock units
→ Common Stock (6,000 underlying)
6,000
Todd stock appreciation rights
Exercise: $16.98→ Common Stock (10,000 underlying)
10,000

Footnotes (14)

[F1]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.
[F10]By virtue of vesting, the RSUs will expire on July 6, 2012 or, as to non-vested units, upon certain termination events.
[F11]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.
[F12]The SARs vest as to 3,333 units on each July 1 commencing in 2010 (through 2012).
[F13]The RSUs vest and convert to Todd Common Stock as to 1200 units on each July 1 commencing in 2010 (through 2014).
[F14]By virtue of vesting, the RSUs will expire on July 1, 2014 or, as to non-vested units, upon certain termination events.
[F2]The SARs vest as to 3,333 units on each July 6 commencing in 2008 (through 2010).
[F3]Upon certain termination events, earlier as to non-vested units.
[F4]Each RSU represents the right to receive one share of Todd Common Stock, subject to adjustment as provided in the grant agreement.
[F5]The RSUs vest and convert to Todd Common Stock as to 1200 units on each July 1 commencing in 2009 (through 2013).
[F6]By virtue of vesting, the RSUs will expire on July 1, 2013 or, as to non-vested units, upon certain termination events.
[F7]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.
[F8]The SARs vest as to 3,333 units on each July 1 commencing in 2009 (through 2011).
[F9]The RSUs vest and convert to Todd Common Stock as to 1000 units on each July 6 commencing in 2008 (through 2012).

Documents

1 file

4
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

TODD SHIPYARDS CORP

CIK 0000098537

→

Entity typeother

Related Parties

filerCIK 0001248198

Filing Metadata

Form type: 4
Filed: Aug 3, 8:00 PM ET
Accepted: Aug 4, 5:40 PM ET
Size: 15.5 KB

View on SEC.gov