WALTERS FARAH 4
4 · ALPHARMA INC · Filed May 27, 2004
Insider Transaction Report
Form 4
ALPHARMA INCALO
WALTERS FARAH
Director
Transactions
- Award
Performance Shares
2004-05-25$19.58/sh+5,000$97,900→ 5,000 totalExercise: $19.58→ Common Stock A (5,000 underlying)
Footnotes (5)
- [F1]These are Restricted Stock Units.
- [F2]The closing price of Alpharma Class A Common stock on May 25, 2004 was $19.58.
- [F3]The closing price of Alpharma Class A Common Stock on May 25, 2004 was $19.58.
- [F4]These units are restricted and do not vest until 12 months following retirement from the Board. Vested units will be delivered in shares. In addition, directors can elect to defer receipt by making an election in advance.
- [F5]There is no expiration date, but a risk of forfeiture if the director is removed from the Board.