BORDERS GROUP INC 4
4 · BORDERS GROUP INC · Filed Apr 25, 2005
Insider Transaction Report
Form 4
ALTRUDA VINCENT E
Pres, Borders Stores Worldwide
Transactions
- Award
Common Stock
2005-04-21$23.94/sh+5,000$119,700→ 11,894 total
Holdings
- 5,710.2(indirect: By 401(k))
Common Stock
- 25,000
Options to Purchase Common Stock
Exercise: $23.77From: 2007-03-18Exp: 2014-03-17→ Common Stock (25,000 underlying) - 16,500
Restricted Stock Units
Exercise: $0.00Exp: 2010-05-20→ Common Stock (16,500 underlying)
Footnotes (2)
- [F1]These shares are restricted shares granted under the Borders Group, Inc. 2004 Long-Term Incentive Plan. There is a three-year restriction on these shares which is due to lapse on April 21, 2008.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Borders Group, Inc. Common Stock. These restricted units were granted under the issuer's 2004 Long-Term Incentive Plan. The restricted stock units may vest over a period of four to six years dependant upon the satisfaction of certain performance criteria. Subject to any deferral election, the shares (or, in the issuer's discretion, an equivalent value in cash) will be delivered when and if the units vest.