4//SEC Filing
DOLES DONALD E 4
Accession 0000313616-04-000005
CIK 0000313616other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 1:49 PM ET
Size
10.9 KB
Accession
0000313616-04-000005
Insider Transaction Report
Form 4
DOLES DONALD E
VP - Danaher Business System
Transactions
- Award
Executive Deferred Income Plan -- Danaher Stock Fund
2004-01-01$91.75/sh+201.41$18,479→ 1,472.22 totalExercise: $0.00→ Common Stock (201.41 underlying) - Other
Executive Deferred Income Plan -- Danaher Stock Fund
2003-12-31$91.75/sh−233.42$21,416→ 1,263.73 totalExercise: $0.00→ Common Stock (233.42 underlying) - Award
Executive Deferred Income Plan -- Danaher Stock Fund
2003-12-31$91.75/sh+7.08$650→ 1,270.81 totalExercise: $0.00→ Common Stock (7.08 underlying)
Footnotes (6)
- [F1]Compensation deferred or contributed into the Danaher stock fund (the "EDIP Stock Fund") included in Danaher's Executive Deferred Income Plan (the "EDIP") is deemed to be invested in a number of unfunded, notional shares of Danaher common stock based on the closing price of Danaher common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund. Similarly, when balances are transferred out of the EDIP Stock Fund, the notional shares to be transferred out of the EDIP Stock Fund are valued based on the the closing price of Danaher common stock as reported on the NYSE on the date such notional shares are transferred out. The price shown in Table II, Column 8 above is the closing price per share of Danaher common stock as reported on the NYSE on December 31, 2003.
- [F2]The notional shares convert on a one-for-one basis.
- [F3]In accordance with the terms of the EDIP, on January 1, 2001, Danaher credited a specified amount to the EDIP Stock Fund of the reporting person, and since that date the value of such notional amount has tracked the market value of Danaher's common stock. In accordance with the terms of the EDIP, as of December 31, 2003, such notional amount was valued based on the closing price of Danaher common stock as reported on the NYSE on such date, an amount equal to one-half of such value was credited to the fixed income investment option in the reporting person's EDIP account, and a corresponding amount was debited from the reporting person's EDIP Stock Fund. The debiting of such amount from the reporting person's EDIP Stock Fund is the transaction being reported in this line item.
- [F4]The reporting person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The reporting person will vest in all company contributions to the EDIP Stock Fund as follows: 100% upon the earlier of the reporting person's death, or upon retirement following at least 5 years of service with Danaher and reaching the age of 55, or, if earlier, 10% per vesting year of participation following five vesting years of participation, in each case in accordance with the plan. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in either cash, Danaher common stock or a combination of cash and Danaher common stock, at the reporting person's election.
- [F5]Voluntary deferral into EDIP Stock Fund.
- [F6]In accordance with the terms of the EDIP, on January 1, 2004, Danaher credited a specified amount to the EDIP Stock Fund of the reporting person, which amount has been deemed to be invested in a number of unfunded, notional shares of Danaher common stock based on the closing price of Danaher common stock as reported on the NYSE on December 31, 2003. As of January 1, 2004, the company contribution cycle under the EDIP changed from a three year cycle to a one year cycle, and at the end of the cycle the entirety of the amount credited to the EDIP Stock Fund at the beginning of the cycle will remain in the EDIP Stock Fund, rather than being split between the fixed-income investment option and the EDIP Stock Fund as was the practice through December 31, 2003.
Documents
Issuer
DANAHER CORP /DE/
CIK 0000313616
Entity typeother
Related Parties
1- filerCIK 0001245543
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 1:49 PM ET
- Size
- 10.9 KB