INTERMAGNETICS GENERAL CORP 4
4 · INTERMAGNETICS GENERAL CORP · Filed Jul 27, 2005
Insider Transaction Report
Form 4
PELLEGRINO PHILIP J
Sector President
Transactions
- Exercise/Conversion
Restricted Stock Units
2005-07-25$29.98/sh−5,626$168,667→ 31,874 totalExercise: $0.00From: 2005-05-29Exp: 2007-08-27→ Common Stock (5,626 underlying) - Exercise/Conversion
Common Stock
2005-07-25+5,626→ 54,670 total
Footnotes (2)
- [F1]Under the terms of the RSU program, 15% of shares vested upon meeting performance goal in FY '05. Up to 20% may vest if performance goal is met in FY '06, with remainder vesting if perfomance goal is met in FY '07
- [F2]Vesting tied to compound grouth in pre-tax earnings over the performance period, which ends on May 27, 2007: 13,500 shares vest at 8% compound growth; 30,000 vest at 11% compund growth; 37,500 vest at 15% compound growth (with scaling for performance between the defined thresolds). Below 8% growth, no shares vest and the grant will terminate.