QUANEX CORP 4
4 · QUANEX CORP · Filed Jul 3, 2006
Insider Transaction Report
Form 4
BAYLES MICHAEL R
Senior VP-Building Prod. Group
Transactions
- Award
Phantom Stock Units
2006-06-30$43.07/sh+78.918$3,399→ 28,403.256 totalExercise: $0.00→ Common Stock (78.918 underlying)
Holdings
- 22,350
Stock Options (Right to buy)
Exercise: $40.95From: 2006-12-01Exp: 2015-12-01→ Common Stock (22,350 underlying) - 21,750
Stock Options (Right to buy)
Exercise: $26.31Exp: 2014-12-01→ Common Stock (21,750 underlying) - 10,350
Stock Options (Right to buy)
Exercise: $17.60Exp: 2013-12-03→ Common Stock (10,350 underlying)
Footnotes (4)
- [F1]Units that are credited to the participant's account under the Quanex Corporation Deferred Compensation Plan as a result of Dividend Reinvestment.
- [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.
- [F4]The option becomes exercisable in one third increments annually beginning one year from date of grant.