4//SEC Filing
Kelley Kris J 4
Accession 0000950142-04-004227
CIK 0000842699other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 5:25 PM ET
Size
9.8 KB
Accession
0000950142-04-004227
Insider Transaction Report
Form 4
Kelley Kris J
Executive Vice President & CFO
Transactions
- Award
Employee Stock Option (right to buy)
2004-12-09+13,333→ 13,333 totalExercise: $7.26Exp: 2014-12-09→ Common Stock (13,333 underlying) - Award
Employee Stock Option (right to buy)
2004-12-09+26,667→ 26,667 totalExercise: $7.26Exp: 2014-12-09→ Common Stock (26,667 underlying)
Footnotes (4)
- [F1]These options were granted under the Playtex 2003 Stock Option Plan for Directors and Key Employees of Playtex Products, Inc. One third of these options vest on each of the last Saturday nearest December 31, 2005, December 31, 2006 and December 31, 2007.
- [F2]These options were granted under the Playtex 2003 Stock Option Plan for Directors and Key Employees of Playtex Products, Inc. One third of these options (the "Annual Vesting Portion") vest at the end of each of the Issuer's fiscal years (the last Saturday nearest to December 31) 2005, 2006 and 2007; provided that, the Annual Vesting Portion for each such fiscal year shall vest and become exercisable at the end of such fiscal year only if the average daily closing share price of the Issuer's Common Stock during the last quarter of such fiscal year equals or exceeds the "Share Price Target" for such fiscal year. The Share Price Targets for fiscal year 2005, 2006 and 2007 are $9.50, $12.00 and $14.50, respectively.
- [F3]Notwithstanding the foregoing, (i) if the Share Price Target for fiscal year 2005 (the "First Fiscal Year") is not attained, the Annual Vesting Portion for the First Fiscal Year shall vest and become exercisable upon the earlier of (A) the end of fiscal year 2006 (the "Second Fiscal Year") if the applicable Share Price Target for the Second Fiscal Year is attained, and (B) the end of fiscal year 2007 (the "Third Fiscal Year") if the applicable Share Price Target for the Third Fiscal Year is attained, and (ii) if the Share Price Target for the Second Fiscal Year is not attained, the Annual Vesting Portion for the Second Fiscal Year shall vest and become exercisable if the Share Price Target for the Third Fiscal Year is attained.
- [F4]However, any shares of Common Stock subject to an Annual Vesting Portion that are not vested and exercisable as of the end of the Third Fiscal Year shall be immediately terminated and canceled without payment (or further consideration to the reporting person) by the Issuer. Share Price Targets may be equitably adjusted in certain circumstances.
Documents
Issuer
PLAYTEX PRODUCTS INC
CIK 0000842699
Entity typeother
Related Parties
1- filerCIK 0001305006
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 5:25 PM ET
- Size
- 9.8 KB