TEMPELSMAN MAURICE 4
4 · LAZARE KAPLAN INTERNATIONAL INC · Filed Mar 23, 2007
Insider Transaction Report
Form 4
TEMPELSMAN MAURICE
DirectorChairman of the Board10% Owner
Transactions
- Other
Common Stock
2007-03-21+1,250,129→ 1,250,129 total
Holdings
- 5,261
Common Stock
- 1,528,416(indirect: By Partnership)
Common Stock
- 133,333
Stock Option (Right to Buy)
→ Common Stock (133,333 underlying)
Footnotes (3)
- [F1]On March 21, 2007, the Trustee of three Grantor Retained Annuity Trusts for the reporting person distributed 1,250,129 shares from such trusts to the reporting person, who immediately contributed such shares to a new Grantor Retained Annuity Trust. After such distribution, in addition to the new GRAT, the reporting person has two remaining Grantor Retained Annuity Trusts which contain 166,539 and 313,741 shares of common stock, respectively, previously directly held by the reporting person.
- [F2]The shares are owned by a partnership of which the reporting person is a general partner.
- [F3]Consists of Employee Stock Options granted under the Lazare Kaplan International Inc. Long Term Stock Incentive Plan.