BAR GIORA ELAN 4
4 · HI TECH PHARMACAL CO INC · Filed Jul 20, 2005
Insider Transaction Report
Form 4
BAR GIORA ELAN
Executive VP - Operations
Transactions
- Exercise/Conversion
Common Stock
2005-07-15$3.50/sh+7,500$26,250→ 22,500 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-07-15$3.50/sh−7,500$26,250→ 0 totalExercise: $3.50From: 1999-01-15Exp: 2008-01-15→ Common Stock (7,500 underlying) - Sale
Common Stock
2005-07-15$28.05/sh−2,500$70,125→ 22,500 total - Exercise/Conversion
Common Stock
2005-07-15$2.67/sh+15,000$40,005→ 15,000 total - Sale
Common Stock
2005-07-15$29.47/sh−17,500$515,725→ 35,000 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-07-15$2.67/sh−15,000$40,005→ 0 totalExercise: $2.67From: 1998-01-22Exp: 2007-01-22→ Common Stock (15,000 underlying) - Sale
Common Stock
2005-07-15$28.58/sh−5,000$142,900→ 30,000 total
Footnotes (3)
- [F1]Stock option granted under Hi-Tech Pharmacal Co., Inc.'s Amended and Restated Stock Option Plan, which is a Rule 16b-3 plan.
- [F2]The options become exercisable in four (4) equal annual installments beginning on the first anniversary of the grant date.
- [F3]Other than the options reflected on this form, Mr. Bar Giora is also the holder of 92,500 options to purchase shares of Hi-Tech Pharmacal Co., Inc.'s common stock, which options were granted on various dates at various exercise prices with various exercisable and expiration dates.