WILLIAMS JAMES B 4
4 · MEMC ELECTRONIC MATERIALS INC · Filed Apr 29, 2004
Insider Transaction Report
Form 4
WILLIAMS JAMES B
Director
Transactions
- Award
Restricted Stock Units
2004-04-27+5,000→ 5,000 total→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's 1995 Equity Incentive Plan and Stock Unit Award Agreement, dated April 27, 2004, among the Issuer and its directors, each Restricted Stock Unit ("RSU") represents the obligation of the Issuer to transfer one share of the common stock of the Issuer to the director in consideration for his service on the Issuer's board of directors upon cessation of such director's service on the Issuer's board.
- [F2]Fifty percent (50%) of the RSUs will become vested as of July 25, 2004. The remaining fifty percent (50%) of the RSUs will become vested as of July 25, 2005. Upon cessation of the director's service on the Issuer's board prior to July 25, 2005, the number of RSUs that have not become vested may be forfeited by the director.
- [F3]Grant of RSUs for service by Mr. Williams on the board of directors of the Issuer.