TEMPELSMAN MAURICE 4
4 · LAZARE KAPLAN INTERNATIONAL INC · Filed Aug 26, 2008
Insider Transaction Report
Form 4
TEMPELSMAN MAURICE
DirectorChairman of the Board10% Owner
Transactions
- Award
Stock Option (Right to Buy)
2008-08-25$9.50/sh+30,000$285,000→ 120,000 totalExercise: $9.50From: 2008-08-25Exp: 2013-08-25→ Common Stock (30,000 underlying)
Holdings
- 1,730,409(indirect: By Trust)
Common Stock
- 1,528,416(indirect: By Partnership)
Common Stock
- 6,434
Common Stock
Footnotes (4)
- [F1]On April 9, 2008, the reporting person created a Grantor Retained Annuity Trust, which contains 1,009,352 shares. The reporting person also has two other Grantor Retained Annuity Trusts which contain 71,679 shares and 649,378 shares of Common Stock, respectively. The shares contained in these three GRAT's were previously directly held by the reporting person.
- [F2]The shares are owned by Leon Tempelsman & Son, a New York limited partnership of which each of Maurice Tempelsman and Leon Tempelsman are sole general partners.
- [F3]Consists of Employee Stock Options granted under the Lazare Kaplan International Inc. Long Term Incentive Plan, subject to shareholder approval.
- [F4]The options vest in three equal installments on 5/31/09, 5/31/10, and 5/31/11.