SALISBURY JAMES M 5
5 · Wilber CORP · Filed Jan 4, 2005
Insider Transaction Report
Form 5
Wilber CORPGIW
SALISBURY JAMES M
Other
Transactions
- Small Acquisition
Phantom Stock Units
2004-05-21$13.75/sh+39$536→ 5,773 total(indirect: By Deferred Comp Plan)Exercise: $0.00→ Phantom Stock Units (39 underlying) - Small Acquisition
Phantom Stock Units
2004-08-23$12.70/sh+44$559→ 5,817 total(indirect: By Deferred Comp Plan)Exercise: $0.00→ Phantom Stock Units (44 underlying) - Small Acquisition
Phantom Stock Units
2004-11-19$12.04/sh+45$542→ 5,832 total(indirect: By Deferred Comp Plan)Exercise: $0.00→ Phantom Stock Units (45 underlying) - Small Acquisition
Phantom Stock Units
2004-02-20$13.50/sh+40$540→ 5,734 total(indirect: By Deferred Comp Plan)Exercise: $0.00→ Phantom Stock Units (40 underlying)
Footnotes (2)
- [F1]Pursuant to the Company's Deferred Compensation Plan Established in 1985, as amended in 1999, executive officers may defer portions of their compensation and deferred amounts can be indexed to the financial performance of the Company's common stock, although no actual shares of stock are purchased (thus, "phantom stock"). Increases and decreases in the deferred amounts are determined based upon changes in the trading price of the Company's stock. The executive officer does not have any right against the Company with respect to any portion of the account, except as a general unsecured creditor. The participant may withdraw funds upon the termination of his employment, retirement or in the event of financial hardship, and the value of such phantom stock units would be based upon the current market value of the Company's stock.
- [F2]These phantom stock units were acquired by the reporting person through the allocation of dividend payments or existing units under the Company's Deferred Compensation Plan.