BAYLES MICHAEL R 4
4 · QUANEX CORP · Filed Jan 10, 2005
Insider Transaction Report
Form 4
BAYLES MICHAEL R
Senior VP-Building Prod. Group
Transactions
- Award
Phantom Stock Units
2004-12-01$39.47/sh+10,147.8$400,500→ 19,370.847 totalExercise: $0.00From: 2004-12-01Exp: 1988-08-08→ Common Stock (10,147.8 underlying)
Holdings
- 37,500
Stock Options (Right to buy)
Exercise: $21.33From: 2003-12-05Exp: 2012-12-04→ Common Stock (37,500 underlying) - 20,700
Stock Options (Right to buy)
Exercise: $26.40From: 2004-12-04Exp: 2013-12-03→ Common Stock (20,700 underlying) - 21,750
Stock Options (Right to buy)
Exercise: $39.47From: 2005-12-01Exp: 2014-12-01→ Common Stock (21,750 underlying)
Footnotes (3)
- [F1]Units that are credited to the participants account under the Quanex Corporation Deferred Compensation Plan as a result of the participant's deferral of income or fees, as the case may be.
- [F2]Conversion price is 1-for-1.
- [F3]All units credited under the Deferred Compensation Plan are 100% vested at all times; provided, however, that if a participant receives a benefit from the Deferred Compensation Plan for any reason other than death, disability or retirement within three years after a deferral is credited to a participant's account, any matching awards made by the Company with respect to such deferral will be forfeited. Distributions under the Deferred Compensation Plan are made beginning on a specified date selected bythe participant or upon a participant's death, disability, or termination of employment.