CHEN TIMOTHY T 4

4 · BANDAG INC · Filed Nov 24, 2003

Form 4

Period: 2003-11-20

Vice President, Innovation

Transactions

Purchase
Class A Common Stock, $1.00 Par Value
2003-11-20$37.52/sh+26.653$1,000→ 135.394 total

Holdings

Stock Option (Right to Buy)
Exercise: $21.09Exp: 2010-03-07→ Class A Common Stock (1,400 underlying)
1,400
Stock Option (Right to Buy)
Exercise: $24.35Exp: 2011-03-13→ Class A Common Stock (4,400 underlying)
4,400
Stock Option (Right to Buy)
Exercise: $32.53Exp: 2012-03-12→ Class A Common Stock (8,600 underlying)
8,600
Stock Fund Unit
(indirect: By Profit Sharing Plan)
Exercise: $0.00→ Common Stock (183.33 underlying)
183.33
Common Stock, $1.00 Par Value
128.764
Stock Fund Unit
(indirect: By Profit Sharing Plan)
Exercise: $0.00→ Class A Common Stock (210.999 underlying)
210.999
Stock Option (Right to Buy)
Exercise: $27.68Exp: 2013-02-25→ Class A Common Stock (11,700 underlying)
11,700

Footnotes (7)

[F1]Column 5 of Table I includes 1.1439 shares of Common Stock and 1.0850 shares of Class A Common Stock acquired through automatic reinvestment of dividends under the Bandag, Incorporated Dividend Reinvestment and Optional Cash Purchase Plan ("DRP") since August 22, 2003.
[F2]Represents stock fund units under the Bandag Salaried Profit Sharing, Retirement and Savings Plan ("Profit Sharing Plan"). Distributions will be made upon the earliest to occur of termination of employment, death or retirement, subject to limited exceptions.
[F3]The number of underlying securities is based on the number of stock fund units, the value of these units and the Company's Common and Class A Common Stock market values as of October 31, 2003. The actual number of shares issuable upon the distribution date is not determinable since the stock fund is a unitized account consisting of Company stock and other investments.
[F4]Options for 1,400 shares of Class A Common Stock with 20% vesting (280 shares) on each of March 7, 2001, 2002, 2003, 2004, 2005.
[F5]Options for 4,400 shares of Class A Common Stock with 20% vesting (880 shares) on each of March 13, 2002, 2003, 2004, 2005, 2006.
[F6]Options for 8,600 shares of Class A Common Stock with 25% vesting (2,150 shares) on each of March 12, 2003, 2004, 2005, 2006.
[F7]Options for 11,700 shares of Class A Common Stock with 25% vesting (2,925 shares) on each of February 25, 2004, 2005, 2006, 2007.

Documents

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