BORDERS GROUP INC 4
4 · BORDERS GROUP INC · Filed Jul 18, 2006
Insider Transaction Report
Form 4
JONES GEORGE L
DirectorPresident and CEO
Transactions
- Award
Common Stock
2006-07-17$14.05/sh+71,184$999,993→ 71,184 total - Award
Stock Options (Right to buy)
2006-07-17+50,000→ 50,000 totalExercise: $17.56From: 2009-07-17Exp: 2011-07-16→ Common Stock (50,000 underlying) - Award
Restricted Share Units
2006-07-17+56,947→ 56,947 total→ Common Stock (56,947 underlying) - Award
Stock Options (Right to buy)
2006-07-17+400,000→ 400,000 totalExercise: $17.56Exp: 2013-07-16→ Common Stock (400,000 underlying)
Footnotes (3)
- [F1]These Restricted Shares were acquired pursuant to the exercise of management stock purchase rights under the Borders Group, Inc. 2004 Long-Term Incentive Plan and are subject to the restrictions described therein.
- [F2]Each Restricted Share Unit represents a contingent right to receive one share of Borders Group, Inc. Common Stock at the time of restriction lapse. These Restricted Share Units were granted under the issuer's 2004 Long-Term Incentive Plan. The restriction on these Restricted Share Units is due to lapse on January 31, 2008.
- [F3]This option becomes exercisable as follows: 33 1/3% on 7/17/2007; 66 2/3% on 7/17/2008 and 100% on 7/17/2009