MEDFORD EDNA GREENE 4
4 · BORDERS GROUP INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
MEDFORD EDNA GREENE
Director
Transactions
- Award
Restricted Share Units
2005-01-03+1,417→ 1,417 totalExercise: $0.00→ Common Stock (1,417 underlying) - Award
Common Stock
2005-01-03$25.40/sh+157$3,988→ 11,421 total
Holdings
- 1,399
Restricted Share Units
Exercise: $0.00→ Common Stock (1,399 underlying)
Footnotes (3)
- [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 2005. 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, 2005. 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.
- [F3]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.