LAZARE KAPLAN INTERNATIONAL INC 4
4 · LAZARE KAPLAN INTERNATIONAL INC · Filed Apr 11, 2008
Insider Transaction Report
Form 4
TEMPELSMAN LEON
DirectorVice Chairman of the Board10% OwnerOther
Transactions
- Other
Common Stock
2008-04-09+1,730,409→ 1,730,409 total(indirect: By Trust)
Holdings
- 34,641(indirect: By Children)
Common Stock
- 97,957
Common Stock
- 46,166(indirect: By Trust)
Common Stock
- 130,000
Stock Option (Right to Buy)
→ Common Stock (130,000 underlying) - 1,528,416(indirect: By Partnership)
Common Stock
- 2,240(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]The reporting person is a trustee of three Grantor Retained Annuity Trusts for the benefit of Maurice Tempelsman, of which one was formed on April 9, 2008 and contains 1,009,352 shares, and two which contain 71,679 and 649,378 shares of Common Stock, respectively. All shares contained in the GRATs were previously directly held by Maurice Tempelsman, Chairman of the Board.
- [F2]The shares are owned by a partnership of which the reporting person is a general partner.
- [F3]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F4]Consists of Employee Stock Options granted under the Lazare Kaplan International Inc. Long Term Incentive Plan.