BUTLER INTERNATIONAL INC /MD/ 4

4 · BUTLER INTERNATIONAL INC /MD/ · Filed Oct 18, 2004

Form 4

Period: 2004-10-14

DirectorChief Executive Officer/Presid10% Owner

Transactions

Award
Option (right to buy)
2004-10-14+250,000→ 250,000 total
Exercise: $1.85Exp: 2014-10-14→ Common Stock (250,000 underlying)
Award
Common Stock
2004-10-14+100,000→ 1,571,840 total

Holdings

Option (right to buy)
Exercise: $2.93Exp: 2008-08-02→ Common Stock (90,000 underlying)
90,000
Series B 7% Cumulative Preferred Stock
1,228,992
Option (right to buy)
Exercise: $8.00Exp: 2009-12-01→ Common Stock (150,000 underlying)
150,000
Option (right to buy)
Exercise: $2.93Exp: 2012-03-01→ Common Stock (62,667 underlying)
62,667
Option (right to buy)
Exercise: $6.68Exp: 2006-06-30→ Common Stock (3,600 underlying)
3,600
Option (right to buy)
Exercise: $6.68Exp: 2007-03-11→ Common Stock (22,500 underlying)
22,500

Footnotes (7)

[F1]Restricted shares granted under 2003 Stock Incentive Plan. Shares will vest over a two-year period ending 10/14/2006 and are subject to forfeiture or acceleration of vesting upon certain events.
[F2]Includes 1,073,400 restricted shares granted under 2003 Stock Incentive Plan on 10/24/2003. Shares will vest over a three-year period ending on 10/24/2006 and are subject to forfeiture or acceleration of vesting upon certain events.
[F3]Currently exercisable options granted under 1985 Non-qualified Stock Option Plan.
[F4]Currently exercisable options granted under 1992 Incentive Stock Option Plan.
[F5]Options granted under 1992 Non-qualified Stock Option Plan of which 120,000 are currently exercisable and 30,000 will become exercisable on 12/1/2004.
[F6]Option granted under 1992 Stock Incentive Plan of which 41,778 are curently exercisable and 20,889 will become exercisable on 3/1/2005.
[F7]Options granted under 2002 Stock Incentive Plan of which 83,333 will become exercisable on each 4/14/2005, 4/14/2006 and 4/14/2007.

Documents

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