PAYNE DOUGLAS I 4
4 · STANLEY FURNITURE CO INC/ · Filed Jan 2, 2004
Insider Transaction Report
Form 4
PAYNE DOUGLAS I
Executive VP Finance & Admin,
Transactions
- Exercise/Conversion
Common Stock
2003-12-31$24.88/sh+3,000$74,625→ 5,750 total - Exercise/Conversion
Stock Option (Right to buy)
[F1]2003-12-31−3,000→ 47,000 totalExercise: $24.88Exp: 2010-08-24→ Common Stock (3,000 underlying)
Footnotes (1)
- [F1]The option became exercisable to the extent of 10,000 shares on December 31, 2000 and the remainder become/became exercisable in equal annual increments, with all shares vesting as of December 31, 2004.
Signature
/s/Douglas I. Payne|2004-01-02