SODERHOLM BRUCE C 4
4 · TALBOTS INC · Filed Jan 14, 2004
Insider Transaction Report
Form 4
TALBOTS INCTLB
SODERHOLM BRUCE C
Senior VP, Operations
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2004-01-12$12.47/sh+41,400$516,208→ 41,400 total - Exercise/Conversion
Executive Stock Options (Right to Buy)
2004-01-12−41,400→ 0 totalExercise: $12.47From: 2000-10-27Exp: 2007-10-27→ Common Stock (41,400 underlying) - Sale
Common Stock, par value $0.01 per share
2004-01-12$30.15/sh−41,400$1,248,210→ 0 total
Holdings
- 12,500
Common Stock, par value $0.01 per share
- 100(indirect: By Spouse)
Common Stock, par value $0.01 per share
Footnotes (2)
- [F1]Performance Accelerated Restricted Stock ("PARS") subject to vesting as follows: if the Company's average return on net assets ("RONA") over three years as compared to RONA of a peer group of retail companies exceeds certain levels, all or part of the PARS would vest at that time based on the level of achievement against the perfomance goals. In all events, if not earlier vested, PARS will vest on March 13, 2008.
- [F2]Granted as non-qualified options pursuant to The Talbots, Inc. 1993 Executive Stock Based Incentive Plan, which is a Rule 16b-3 plan. The options are fully vested.