GOODYS FAMILY CLOTHING INC /TN 4
4 · GOODYS FAMILY CLOTHING INC /TN · Filed Jun 17, 2004
Insider Transaction Report
Form 4
TURNBULL CHERYL L
Director
Transactions
- Award
Non-Qualified Stock Option (right to buy)
2004-06-15+6,847→ 6,847 totalExercise: $5.55From: 2005-06-15Exp: 2024-06-15→ Common Stock (6,847 underlying) - Award
Non-Qualified Stock Option (right to buy)
2004-06-15+3,000→ 3,000 totalExercise: $11.09From: 2005-06-15Exp: 2014-06-15→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]Under the Directors Plan, non-employee directors may elect to receive options to purchase Goody's Family Clothing, Inc. Common Stock at an exercise price equal to 50% of the fair market value of the Common Stock on the date of grant (based upon the closing sales price of the Common Stock for the business day immediately preceding the date of grant) in lieu of cash for their director fees. These options vest one year from the date of grant and are exercisable up to 20 years from the date of grant. The Company is authorized to issue an aggregate of 500,000 shares of Common Stock under the Directors Plan.
- [F2]A grant to a Section 16 reporting person of an option to buy shares of Goody's Family Clothing, Inc. Common Stock. These option shares become 20% vested on this first anniversary date, then following in cumulative increments of twenty (20%) each on the second, third, fourth, and fifth anniversaries of the grant date, respectively.