TEMPELSMAN MAURICE 4
4 · LAZARE KAPLAN INTERNATIONAL INC · Filed Jul 30, 2010
Insider Transaction Report
Form 4
TEMPELSMAN MAURICE
DirectorChairman of the Board10% Owner
Transactions
- Other
Common Stock
2010-07-28$0.46/sh−416,692$191,678→ 0 total - Gift
Common Stock
2010-07-28−1,313,717→ 416,692 total
Holdings
- 1,528,416(indirect: By Partnership)
Common Stock
- 5,261
Common Stock
- 30,000
Stock Option (Right to Buy)
Exercise: $9.50Exp: 2013-08-25→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]On July 28, 2010, the Trustee of three grantor rentained annuity trusts established by the reporting person distributed 1,313,717 shares from such trusts to the reporting person (in satisfaction of annual annuity payments), who immediately gifted such shares to Leon Tempelsman. The Trustee of two of the grantor retained annuity trusts for the reporting person then sold 416,692 shares to Leon Tempelsman.
- [F2]The shares are owned by Leon Tempelsman & Son, a New York limited partnership of which Maurice Tempelsman is a general partner.
- [F3]Consists of Employee Stock Options granted under the Lazare Kaplan International Inc. Long Term Incentive Plan.