ITT EDUCATIONAL SERVICES INC 4
4 · ITT EDUCATIONAL SERVICES INC · Filed Oct 23, 2003
Insider Transaction Report
Form 4
GROSSMAN MARTIN A
Sr.VP, Dir. of Mrktg. and I.R.
Transactions
- Sale
Common Stock
2003-10-22$48.37/sh−100$4,837→ 7,100 total - Sale
Common Stock
2003-10-22$48.50/sh−1,800$87,300→ 2,700 total - Sale
Common Stock
2003-10-22$48.38/sh−1,900$91,922→ 5,200 total - Sale
Common Stock
2003-10-22$48.65/sh−1,500$72,975→ 1,000 total - Sale
Common Stock
2003-10-22$48.35/sh−2,700$130,545→ 7,400 total - Exercise/Conversion
Common Stock
2003-10-22$24.92/sh+10,000$249,200→ 11,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2003-10-22−10,000→ 20,000 totalExercise: $24.92From: 2003-05-28Exp: 2012-05-30→ Common Stock (10,000 underlying) - Sale
Common Stock
2003-10-22$48.36/sh−200$9,672→ 7,200 total - Sale
Common Stock
2003-10-22$48.22/sh−900$43,398→ 10,100 total - Sale
Common Stock
2003-10-22$48.44/sh−300$14,532→ 4,500 total
Footnotes (4)
- [F1]Represents a portion of the: (a) 15,000 shares subject to a stock option (right to buy) granted on May 28, 2002 ("2002 Option"); and (b) the increase of 15,000 shares subject to the 2002 Option pursuant to the 2-for-1 split of the ESI common stock on June 6, 2002 ("June 2002 Split").
- [F2]Represents an original exercise price of $49.84 for the shares of ESI common stock subject to the 2002 Option reduced to $24.92 pursuant to the June 2002 Split.
- [F3]This total does not include 70 shares beneficially owned on 0ctober 22, 2003 under the ESI 401(k) plan.
- [F4]The option vests in three equal installments on May 28, 2003, 2004 and 2005.