TEMPELSMAN LEON 4

4 · LAZARE KAPLAN INTERNATIONAL INC · Filed Jul 30, 2010

Form 4

Period: 2010-07-28

DirectorVice Chairman of the Board10% OwnerOther

Transactions

Holdings

Common Stock
97,957
Common Stock
(indirect: By Spouse)
2,240
Common Stock
(indirect: By Partnership)
1,528,416
Common Stock
(indirect: By Children)
34,641
Stock Option (Right to Buy)
Exercise: $9.50Exp: 2013-08-25→ Common Stock (60,000 underlying)
60,000
Common Stock
(indirect: By Trust)
46,166

Footnotes (4)

[F1]On July 28, 2010, Leon Tempelsman, as the Trustee of three grantor retained annuity trusts established by Maurice Tempelsman, distributed 1,313,717 shares from such trusts to Maurice Tempelsman (in satisfaction of annual annuity payments), who immediately gifted such shares to Leon Tempelsman. Leon Tempelsman, as the Trustee of two of the three grantor annuity trusts to Maurice Tempelsman, then sold 416,692 shares to Leon Tempelsman.
[F2]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.
[F3]The shares are owned by Leon Tempelsman & Son, a New York limited partnership of which Leon Tempelsman is a general partner.
[F4]Consists of Employee Stock Options granted under the Lazare Kaplan International Inc. Long Term Incentive Plan.

Documents

1 file