O BRIEN THOMAS J 4
4 · INTERMAGNETICS GENERAL CORP · Filed Aug 6, 2003
Insider Transaction Report
Form 4
O BRIEN THOMAS J
Executive Vice President
Transactions
- Award
Stock Options (Right to buy)
2003-08-04$20.01/sh+10,000$200,100→ 10,000 totalExercise: $20.01From: 2003-08-04Exp: 2013-08-04→ Common Stock (10,000 underlying) - Award
Restricted Stock Units
2003-08-04+70,000→ 70,000 totalExercise: $0.00From: 2003-08-04Exp: 2007-08-27→ Common Stock (70,000 underlying)
Footnotes (4)
- [F1]Actual number of units vesting will range from 25,000 - 70,000 shares based on achievement of performance goals. If the minimum performance target of 8% compound growth is not met a the end of Fiscal Year 2007, no units vest and the grant will terminate.
- [F2]Vesting schedule based on achieving performance targets. Up to 15% could vest at end of FY 2005, and up to 20% could vest at end of FY 2006.
- [F3]Program ends 90 days after the close of fiscal year 2007.
- [F4]Vesting tied to compound growth in pre-tax earning over the performance period, which ends on May 27, 2007: 20,000 vest at 8% compound growth; 43,000 shares vest at 11% compound growth; 55,000 vest at 15% compound growth (with scaling for performance between the defined thresholds). Below 8% compound growth, no shares will vest and the grant will terminate.