FIREMAN PAUL 4
4 · REEBOK INTERNATIONAL LTD · Filed Sep 4, 2003
Insider Transaction Report
Form 4
FIREMAN PAUL
DirectorChairman and CEO10% Owner
Transactions
- Other
Common Stock
2003-09-02−1,500,000→ 506,108 total(indirect: By Trust)
Holdings
- 4,004,526(indirect: By Spouse)
Common Stock
- 4,174,524
Common Stock
Footnotes (3)
- [F1]On August 27, 2003, pursuant to a stock trading plan previously adopted under Rule 10b5-1, the Paul Fireman Reebok Grantor Retained Anuuity Trust and the Phyllis Fireman Reebok Grantor Retained Annuity Trust each each entered into a Variable Prepaid Forward Contract with respect to 750,000 shares of Reebok International Ltd. Common Stock. When the Contracts settle, on January 15, 2007, the Trusts will deliver an aggregate of 1,500,000 shares subject to the Contracts.
- [F2]In consideration of the foregoing arrangement, each Trust received a payment on September 2, 2003 of $21,446,250. If the closing price of the Common Stock on the Settlement Date is greater than $33.25, each Trust will receive additional proceeds equal to the number of shares subject to the Contract multiplied by the difference between such closing price (up to a maximum closing pice of $39.90) and $33.25.
- [F3]Includes 1,000,000 share subject to a prepaid variable forwards contract.