PW EAGLE INC 4
4 · PW EAGLE INC · Filed Jun 26, 2007
Insider Transaction Report
Form 4
PW EAGLE INCPWEI
Rathkopf Stephen M
Director
Transactions
- Disposition to Issuer
Deferred Phantom Shares
2007-06-22−3,225.18→ 0 total→ Common Stock (3,225.18 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2007-06-22$5.65/sh−15,000$84,750→ 0 totalExercise: $27.85Exp: 2006-05-26→ Common Stock (15,000 underlying)
Holdings
- 0
Common Stock
Footnotes (2)
- [F1]This option was cancelled pursuant to a merger agreement by and among the Issuer, Pipe Dream Acquisition, Inc. and J-M Manufacturing Company, Inc. dated January 15, 2007 in exchange for a cash payment of $84,750, representing the difference between the exercise price of the option and $33.50 the per share merger consideration.
- [F2]Each deferred phantom share represents the right to receive the value of one share of PWEI common stock. Deferred phantom shares are payable in shares or cash at the election of the administrator of the PW Eagle Top-Hat Plan. The reporting person may transfer the cash value of his deferred phantom share account into an alternative investment account at any time.