Schoonover Philip J 4
4 · CIRCUIT CITY STORES INC · Filed Oct 5, 2004
Insider Transaction Report
Form 4
Schoonover Philip J
President
Transactions
- Award
Employee Stock Option (Right to Purchase)
2004-10-04+350,000→ 350,000 totalExercise: $15.63Exp: 2014-10-04→ Common Stock (350,000 underlying) - Award
Circuit City Stores Inc Common Stock(Restricted Stock Grant)
2004-10-04+50,000→ 75,000 total - Award
Circuit City Stores Inc Common Stock(Restricted Stock Grant)
2004-10-04+25,000→ 25,000 total
Footnotes (4)
- [F1]N/A (Restricted Stock Grant)
- [F2]The actual number of shares earned under this restricted stock grant will be based on Circuit City's fiscal year 2006 operating profit margin. If Circuit City's fiscal year 2006 operating profit margin performance is below 4%, it will be at the Committee's discretion whether shares will vest; at 4%, 100% will vest; at 4.5%, 125% will vest; at 5%, 150% will vest; at 5.5%, 175% will vest; and at 6%, 200% will vest.
- [F3]The options vest in three equal annual installements beginning on October 4, 2005.
- [F4]Employee stock option grant.