STANFORD MICHAEL R 4
4 · FIRST STATE BANCORPORATION · Filed Nov 4, 2003
Insider Transaction Report
Form 4
STANFORD MICHAEL R
DirectorPresident & CEO
Transactions
- Award
Employee Stock Option(Right to buy)
2003-10-31$31.41/sh+35,000$1,099,350→ 82,500 totalExercise: $31.41Exp: 2013-10-31→ Common Stock (35,000 underlying) - Award
Employee Stock Option (Right to Buy)
2003-10-31$31.41/sh+10,000$314,100→ 47,500 totalExercise: $31.41Exp: 2013-10-31→ Common Stock (10,000 underlying) - Award
Restricted Stock Award, Common Stock
2003-10-31+10,000→ 11,000 total
Footnotes (6)
- [F1]Grant of Restricted Stock pursuant to First State Bancorporation's 2003 Equity Incentive Plan.
- [F2]Restrictions on the stock lapse at the rate of 25% per year over a four year period.
- [F3]Includes 37,500 options held indirectly by the Stanford Family Limited Partnership.
- [F4]The options vest at a rate of 25% per year over a four year period.
- [F5]Employee Stock Option represents an Incentive Stock Option (ISO) grant.
- [F6]Employee Stock Option represents a Non-Qualified Stock Option grant.