TELEWEST GLOBAL INC 4
4 · TELEWEST GLOBAL INC · Filed Jul 21, 2005
Insider Transaction Report
Form 4
TVETER ERIC J
President & COO
Transactions
- Exercise/Conversion
Common Stock
2005-07-19$0.01/sh+50,000$500→ 56,750 total - Tax Payment
Common Stock
2005-07-19$21.81/sh−18,217$397,313→ 38,533 total - Exercise/Conversion
Stock Option (right to buy)
2005-07-19−50,000→ 50,000 totalExercise: $0.01Exp: 2014-07-18→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The shares acquired (net of those withheld to cover tax liabilities) are to be held in escrow by the Issuer until the earlier of (i) the one-year anniversary of the final vesting date of the option and (ii) the Reporting Person's termination.
- [F2]18,217 shares were withheld by the Issuer to cover the Reporting Person's US withholding tax liability.
- [F3]The option vested as to 25,000 shares on December 31, 2004 and as to an additional 25,000 shares on July 19, 2005. The remaining portion of the option will vest in two annual increments based on the satisfaction of annual performance goals. Any portion of the option which is unvested as of January 18, 2011 will vest as of such date.