DIROMAULDO ROBERT F 4
4 · BORDERS GROUP INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
DIROMAULDO ROBERT F
Director
Transactions
- Award
Common Stock
2005-01-03$25.40/sh+1,574$39,980→ 4,491 total
Holdings
- 413,359(indirect: By Trust)
Common Stock
- 1,225(indirect: By Trust)
Common Stock
- 1,749
Restricted Share Units
Exercise: $0.00→ Common Stock (1,749 underlying)
Footnotes (2)
- [F1]These shares are restricted shares granted under the issuer's 2004 Long-Term Incentive Plan. They constitute a portion of the fees payable for services as a Director during the year 2005. The restrictions on these shares are due to lapse on December 31, 2005.
- [F2]These restricted share units constitute a portion of the fees payable for services as a Director during the year 2004. Each restricted share unit represents a contingent right to receive one share of Borders Group, Inc. Common Stock. These restricted share units were granted under the issuer's 2004 Long-Term Incentive Plan. The restrictions on these restricted share units are due to lapse on December 31, 2004. In accordance with the Director's elections to defer receipt for a period of time, the shares (or, in the issuer's discretion, an equivalent value in cash) will be delivered when the deferral period ends.