VULCAN MATERIALS CO 4
4 · VULCAN MATERIALS CO · Filed Jun 5, 2007
Insider Transaction Report
Form 4
TROSINO VINCENT J
Director
Transactions
- Award
Phantom Stock (Deferred Stock Units)
2007-06-01+1,000→ 1,000 total→ Common Stock (1,000 underlying)
Footnotes (3)
- [F1]Convertible on a 1-for-1 basis.
- [F2]Annual stock grant made to the reporting person under the Vulcan Materials Company 2006 Omnibus Long-Term Incentive Plan.
- [F3]Deferred Stock Units vest on June 1, 2010, following a three-year award period. Vested shares will be delivered to the reporting person on the last business day of March following the year in which the reporting person ceases to be a member of the Board of Directors, unless the reporting person has elected to defer payment of the award or unless payment is made earlier due to the death or disability of the reporting person or a change in control of Vulcan. The fair market value of the award is not determinable until the payment date.