4/A//SEC Filing
MELNUK PAUL D 4/A
Accession 0000850660-09-000007
CIK 0000850660other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 11:29 AM ET
Size
9.2 KB
Accession
0000850660-09-000007
Insider Transaction Report
Form 4/AAmended
MELNUK PAUL D
DirectorChairman of the Board and CEO
Transactions
- Award
Stock Option Right To Buy
2009-03-23+4,100→ 283,175 totalExercise: $4.98Exp: 2019-03-10→ Common Stock (4,100 underlying) - Award
Common Stock
2009-03-23+12,400→ 121,027 total
Footnotes (5)
- [F1]The restricted stock component of the 2009 long-term incentive award has a vesting opportunity based upon return on invested operating capital ("ROIOC") performance milestones over the next five years. The ROIOC measure is calculated for each performance year and vesting is determined in March following the performance year. For each performance year, 100% of the grant will vest if the Company achieves 36% ROIOC, 67% of the grant will vest if the Company achieves 29% ROIOC, and 33% of the grant will vest if the Company achieves 18% ROIOC; provided, however, that in no event will more than 100% of the grant vest during the five-year vesting period. The highest ROIOC performance over the five-year period will generate the final vesting of the grant. If the Company fails to achieve 18% ROIOC, the grant will be forfeited. This award is subject to the provisions of the 2004 Stock Incentive Plan, as amended.
- [F2]The compensation committee established the exercise price for these options at $4.98 per share, which was the average of the closing price of the preceeding 60 days trading.
- [F3]The 2009 stock options are time-based and will automatically vest in one-third increments on the first, second and third anniversaries of the award date. This is a time-based vesting schedule. One-third of the options vest on March 10, 2010, March 10, 2011 and March 10, 2012, respectively. This award is subject to the provisions of the 2004 Stock Incentive Plan, as amended.
- [F4]Corrected ownership balance on 03/23/2009
- [F5]Corrected ownership balance on 03/23/2009
Documents
Issuer
THERMADYNE HOLDINGS CORP /DE
CIK 0000850660
Entity typeother
Related Parties
1- filerCIK 0001253514
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 11:29 AM ET
- Size
- 9.2 KB