FINE W MORRIS 4
4 · INVESTORS TITLE CO · Filed Jan 13, 2005
Insider Transaction Report
Form 4
FINE W MORRIS
DirectorExecutive Vice President
Transactions
- Exercise/Conversion
Common Stock
2005-01-11$29.15/sh+7,000$204,050→ 51,198 total - Exercise/Conversion
Stock Option (right to buy)
2005-01-11+25,000→ 0 totalExercise: $13.06From: 2000-08-14Exp: 2005-08-14→ Common Stock (25,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2005-01-11+8,000→ 2,000 totalExercise: $13.06From: 2000-08-14Exp: 2005-08-14→ Common Stock (8,000 underlying) - Gift
Common Stock
2005-01-11$39.50/sh−330$13,035→ 75,449 total - Exercise/Conversion
Stock Option (right to buy)
2005-01-11+7,000→ 3,000 totalExercise: $29.15From: 1998-05-12Exp: 2008-05-12→ Common Stock (7,000 underlying) - Exercise/Conversion
Stock Option (right to buy)
2005-01-11+13,000→ 0 totalExercise: $11.00From: 2000-05-09Exp: 2005-05-09→ Common Stock (13,000 underlying) - Exercise/Conversion
Common Stock
2005-01-11$11.00/sh+13,000$143,000→ 89,198 total - Tax Payment
Common Stock
2005-01-11$40.01/sh−9,481$379,335→ 75,779 total - Exercise/Conversion
Common Stock
2005-01-11$13.06/sh+8,000$104,480→ 97,198 total - Exercise/Conversion
Common Stock
2005-01-11$13.06/sh+25,000$326,500→ 76,198 total - Sale
Common Stock
2005-01-11$39.50/sh−11,938$471,551→ 85,260 total
Footnotes (5)
- [F1]1,171 shares are indirectly held by LLP 95,000 shares are indirectly held by FLP **The reporting person disclaims beneficial ownership of ITC common stock held by the LLP and FLP except to the extent of his pecuniary interest. 475 shares are indirectly held as custodian for children 3,577 shares are indirectly held by wife
- [F2]Option granted on 8/14/2000; 20% become exercisable in annual increments beginning on date of grant.
- [F3]Option granted on 5/9/2000; 20% became exercisable in annual increments beginning on grant date.
- [F4]Option granted on 8/14/2000; 20% become exercisable in annual increments beginning on first anniversary date.
- [F5]Option granted on 5/12/98; 10% become exercisable in annual increments on date of grant.