AKITT JOHN E 4
4 · CYTEC INDUSTRIES INC/DE/ · Filed Apr 21, 2005
Insider Transaction Report
Form 4
AKITT JOHN E
Director
Transactions
- Award
Option Right to buy
2005-04-21$47.49/sh+3,000$142,470→ 28,500 totalExercise: $47.49→ Common Stock (3,000 underlying)
Footnotes (1)
- [F1]Formula grant under 1993 Stock Award and Incentive Plan to purchase Common Stock, exercisable in 1000 share increments on each of the first three anniversaries of the grant option (or earlier in the event of a Change-in-Control as defined in the Plan). Exercisable options shall expire the earlier of (i) ten years from the grant of such option or (ii) five years from the date of the director leaves Cytec's Board of Directors provided the director has served for five years.