MAXXAM INC 4
4 · MAXXAM INC · Filed Jan 5, 2004
Insider Transaction Report
Form 4
MAXXAM INCMXM
LEVIN EZRA G
Director
Transactions
- Award
Phantom Stock Units
2004-01-02$18.95/sh+253$4,794→ 6,603 total→ Common Stock (253 underlying)
Footnotes (2)
- [F1]The phantom stock units convert into common stock on a one-for-one basis.
- [F2]The phantom stock units were accrued under a deferred fee agreement between MAXXAM Inc. and Mr. Levin and are to be settled in cash in installments beginning as soon as practicable following the date Mr. Levin ceases for any reason to be a member of the board of directors of MAXXAM Inc. These phantom stock units relate to the fourth calendar quarter of 2003.