WHITNEY HEDWIG V 4
4 · NEW ENGLAND BUSINESS SERVICE INC · Filed Aug 26, 2003
Insider Transaction Report
Form 4
WHITNEY HEDWIG V
Senior Vice President
Transactions
- Award
Options (Right to Buy)
2003-08-22$31.11/sh+8,500$264,435→ 8,500 totalExercise: $31.11From: 2003-08-22Exp: 2013-08-21→ Common Stock Par Value $1.00 (8,500 underlying) - Award
Common Stock, Restricted, Par Value $1.00
2003-08-22$31.11/sh+26.686$830→ 4,178.196 total - Award
Common Stock, Restricted, Par Value $1.00
2003-08-22$31.11/sh+1,000$31,110→ 5,178.196 total - Award
Common Stock Par Value $1.00
2003-08-22$31.11/sh+21.282$662→ 505.045 total(indirect: By 401(k))
Footnotes (4)
- [F1]401(K) is a unitized stock fund consisting of company stock and cash and the amount of securities listed on this form is expressed in equivalent shares. The amount of shares attributed to a plan participant and expressed as equivalent shares may change from time to time without the volition of the plan participant and depends upon the amount of cash in the fund, the fair market value of company stock, and the number of plan participants.
- [F2]Amount represents dividends on restricted shares that are automatically reinvested in additional restricted shares under the terms of the underlying restricted stock award.
- [F3]Restricted shares granted pursuant to the Plan will vest 20% of the total grant beginning with the first anniversary from the date of grant and continuing for the next four consecutive anniversaries from the date of the grant.
- [F4]The share options awarded to this beneficial owner vest in 4 yearly installments beginning on the grant date and continuing for each of the next three anniversaries. One-fourth of the total grant is exercisable as of August 22, 2003.