4/A//SEC Filing
FOSTER WHEELER LTD 4/A
Accession 0000932799-04-000371
CIK 0001130385operating
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 3:40 PM ET
Size
10.4 KB
Accession
0000932799-04-000371
Insider Transaction Report
Form 4/AAmended
FOSTER WHEELER LTDFWHLF.OB
LA DUC JOHN T
Exec Vice Pres & CFO
Transactions
- Award
Employee Stock Option (Right to Buy)
2004-11-29+155,454→ 155,454 totalExercise: $9.38From: 2005-12-31Exp: 2007-10-05→ Common Shares (155,454 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2004-11-29−2,391.6→ 0 totalExercise: $609.57From: 2005-12-31Exp: 2007-10-05→ Series B Convertible Preferred Shares (2,391.6 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's 2004 Stock Option Plan (the "Option Plan"), options to purchase each Series B Convertible Preferred Share of the Issuer held by the Reporting Person were automatically converted into options to purchase 1,300 of the Issuer's Common Shares upon the affirmative vote of the shareholders to increase the Issuer's authorized share capital and decrease the par value of its Common Shares at the annual meeting of the Issuer's shareholders held on November 29, 2004 (the "Shareholders Meeting"), causing the Reporting Person's options to purchase 2,391.60 Series B Convertible Preferred Shares (rather than "727.52 Series B Convertible Preferred Shares" in original filing, which was incorrect) to convert into options to purchase an aggregate of 3,109,080 of the Issuer's Common Shares (rather than "945,776 of the Issuer's Common Shares" in original filing, which was incorrect) at an exercise price of $0.4689 per Common Share.
- [F2](Continuation of FN 1): Subsequent to the effectiveness of the conversion of the Reporting Person's options, and pursuant to the approval of the Issuer's shareholders given at the Shareholders Meeting, the Issuer effected a 1-for-20 reverse stock split (the "Reverse Split"). As a result of the Reverse Split, the number of the Issuer's Common Shares subject to the Reporting Person's options were reduced proportionately to 155,454 Common Shares (rather than "47,288 Common Shares" in original filing, which was incorrect), pursuant to the terms of the Option Plan, and the exercise price was proportionately increased to $9.378 per Common Share. The information provided with respect to the options to purchase Common Shares in the table above is reflected on a post-Reverse Split basis.
- [F3]One-third of the options will vest on December 31, 2005. The remaining two-thirds of the options will vest on December 31, 2006.
Documents
Issuer
FOSTER WHEELER LTD
CIK 0001130385
Entity typeoperating
IncorporatedSwitzerland
Related Parties
1- filerCIK 0001130385
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 3:40 PM ET
- Size
- 10.4 KB